Bitcoin Positive Trend to Continue Amid US Elections

Bittime - Every time the US election approaches, concerns arise regarding the impact of the elected president on various economic sectors, including crypto. However, according to Matrixport, Bitcoin's trend is unlikely to be significantly affected by the US election results.  

Bitcoin Price Positive Trend  

Matrixport emphasized that the debate in the media regarding the impact of the upcoming US election on Bitcoin has more to do with regulation. 

Basically, under both Republican and Democratic leadership, cryptocurrencies are showing strong performance. 

However, tighter or looser regulations could affect the crypto ecosystem as a whole. 

Bitcoin, as a decentralized asset, will likely continue to be traded and in demand, regardless of the election outcome.

Read Also: The Crypto Market Is Tired, Bitcoin Is Still Prima Dona Among Investors! 

Crypto Regulations Become Main Focus

Cryptocurrency regulation in the US is a hot topic. During the Trump era, regulations tended to be looser, while during the Biden era, there was more discussion about stricter regulations. 

This regulation has become the main focus, not only for Bitcoin investors but also for the entire crypto community.

Whatever steps the incoming administration takes, regulation will still play an important role in shaping the cryptocurrency ecosystem of the future. 

However, Bitcoin, with its decentralization and strong appeal as an investment alternative, is expected to continue showing a positive trend.

Bitcoin Remains the Most Attractive Crypto Asset

Despite short-term fluctuations in Bitcoin prices, Matrixport said that Bitcoin remains one of the most attractive crypto assets in global financial markets.

This positive trend is predicted to continue even in the midst of an uncertain political situation such as the US election. The sharp rise during two different administrations shows that Bitcoin has extraordinary resilience.

Read Also: Altcoin Season Hasn't Arrived Yet, Bitcoin Dominance is Still Strong

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.