Grayscale’s Intriguing Chart of Bitcoin Prices in Relation to US Presidential Elections

The price of Bitcoin has declined approximately 3.7% over the 30-day period starting from the second week of August.

• In the meantime, Grayscale Investments has provided a suggestion for novice crypto investors to conduct further research:

“First, Bitcoin is presently at its peak price during an American Presidential election cycle; Bitcoin is currently trading above $29K, while the previous election cycle high in Q4 2020 was around $20K.”

• In the 2012 presidential election, the price of BTC was $11. Four years later, during the 2016 election, it reached $710. Four years after that, on Election Day 2020, BTC was valued at $15,000. If this trend continues, prices may rise before and after the elections.

Source: Grayscale

• Of course, any experienced investor understands that history does not always repeat itself.
• However, it appears that all crypto investors needed to do over three price cycles was to accumulate during the year leading up to and throughout presidential election years. They would continue buying until election day and then cease when prices surged. Afterward, they would begin selling and obtain the IRS form for realized gains on property for their tax returns.
• Bitcoin genuinely represents a currency of democratic principles in the digital age. It is remarkably straightforward, allowing the average voter access to what was once exclusive to Goldman Sachs clients prior to 2009.

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