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Cryptocurrency News Articles
These US Election Metrics Point to When Bitcoin Could Spike to $100,000 per BTC
Aug 10, 2024 at 02:07 pm
Ash Crypto, with more than 1 million users on X, made a revelation about how much the Bitcoin price was worth after each US election since 2012.
A popular crypto influencer, known as Ash Crypto, has highlighted an interesting trend in Bitcoin (BTC) price movements following each US presidential election since 2012. The influencer, who boasts over 1 million followers on X, shared this observation in a recent post.
The post suggests a correlation between BTC price and the US presidential election cycle, with the Bitcoin price consistently surging a year after each election.
Here's a summary of the trend highlighted by Ash Crypto:
1 YEAR AFTER EVERY ??US ELECTION HAS ALWAYS SEEN A SIGNIFICANT SURGE IN #BITCOIN PRICES:
•2012: $10➡️$1,166
•2016: $690➡️$19,700
•2020: $13,900➡️$69,000
NOW THAT BITCOIN HAS BECOME
A NATIONAL ISSUE IN THE 2024
ELECTIONS.
$100,000 BTC IS COMING IN 2025 ?
According to the post, the Bitcoin price experienced a notable surge following each election. For instance, after the 2012 election, the BTC price increased from $10 to $1,166. Similarly, following the 2016 election, the price surged from $690 to $19,700. And after the 2020 election, the BTC price rose from $13,900 to $69,000.
The crypto influencer observed that this trend is particularly relevant now as Bitcoin has become a key topic in the 2024 US presidential election. Both major presidential candidates have reportedly included crypto in their campaign discussions and plans.
Based on this observation and the trend, the influencer predicts that BTC could reach $100,000 in 2025.
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