With elections closing in and Trump being the first to push for pro crypto and Biden and his voted in SEC being so heavily anti crypto it's becoming clear that crypto this year is going to sway a lot of votes. While I don't believe either of them or any politician to be honest I'll still vote for the one I feel could have the best benefits for crypto and right now that's Trump.

In a recent round table Trump has stated he wants all future bitcoin to be minted in the U.S. (Well I hate to break it to ya but there's only about 1 million of those left to be mined) *That's however not counting the fees collected which can add up to a decent amount as well.

People that attended this event were Riot, Marathon, Terawulf, CleanSpark, Core Scientific, Arkon Energy, Cholla Energy and Exacore.

What is clear is that crypto is going to weight pretty heavily on the election this year and we can see those being extremely expressive of bitcoin and crypto for the last four years are starting to now lessen up a bit. But do you really trust someone that will change their stance just being their heads on the chopping block? I know I don't and that's why this election in the USA this year is actully going to be critical for the future of crypto.

Skittish

We are currently seeing a very skittish market in the crypto sector. For a long time we have been bounding between 65k 72k but we are now headed to sub that which it's been a good few months since we hit that level. It's also speculated that large investors will soon be getting in and this could be a push to get people to sell out before large investors grab up more. Who knows at the end of the day besides those select few.

For those speculating that bitcoin is going to go on a major bull run end of year I would have been right there with ya. However with things so unsure at the moment and depending on how the election goes I honestly don't see that being possible until 2025 now.

History

History shows us that this is actully pretty normal. After the halving even bitcoin seems to stay in this bounce pattern for roughly 3-5 months before it starts to really take off. If history repeated itself that would put us at Mid July and Mid September. So with history there's still a possible to repeat and push that higher. We also have election season which could also be a major bull factor for the crypto markets we haven't ever seen before.

With that being said there will be people that will say this time is different. Being world wars, the dollar now having competition and more. However the last bull run that took us to 70k happened when everyone thought the world was ending with lockdowns and economies being shut off around the world.

Posted Using InLeo Alpha