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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Recently, the heat of the election has become more closely related to the trends of the US stock market and BTC, which is exactly what I emphasized earlier that the election is important! It represents expectations in the future. The chart has only four days of data, provided by
Looking at Figure 1, the white line represents Donald Trump's chances of winning the election, and the green line represents the price of Bitcoin. The lower part shows the correlation between them. In June and July, these two lines move together, especially in close alignment.
But by September, this relationship had faded, no longer important. However, starting from October 13th, these two paths suddenly became tightly connected again, this change can only be seen in the four days of data.
After being assassinated in late June, Trump announced that he would attend the BTC Conference at the end of July, since then these two events have had a clear relationship. Then, he made a speech supporting BTC at the conference on July 27, since then the relationship between these two events has always been high.
If Donald Trump has a good result in the election this November, BTC may have a good chance, but alts may not.
If the anticipated election has been factored into the price beforehand, the event will be considered as Bad News, so attention should be paid to the timing of pressing the Button.