How will the US presidential election affect the price of Bitcoin?

Cointelegraph

Published Oct 09, 2020 11:40AM ET

Updated Oct 09, 2020 01:20PM ET

As the 2020 U.S. presidential election draws near, two crypto traders on Twitter shared their predictions for how Bitcoin's price could react to the event.

"If we have a clear winner and an easy transition of power, I do not see much of an impact on the price per coin," trader BigCheds told Cointelegraph. "On the other hand, if we have a close and/or contested election, we should see a bounce in risk-off assets like gold and Bitcoin."

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