Bitcoin boom imminent if Biden becomes President – Max Keiser predicts

Monday 26 October 2020, 8:41 AM AEST - 1 month ago

Bitcoin boom Bitcoin (BTC) Crypto critic Bitcoin offers more Max Keiser Bitcoin PriceBitcoin boom imminent if Biden becomes President - Max Keiser predicts 19

• Global events affect Bitcoin prices
• Bitcoin price to surge if Biden becomes President
• Trump presidency would see a slow rise in Bitcoin price

Popular Bitcoin proponent Max Keiser has predicted a boom in Bitcoin price if Democrat candidate Joe Biden eventually becomes Americas President.

Keiser predicts a Bitcoin boom for Biden as the crypto price is still determined by several factors, including political happenings worldwide. Although the crypto can be decentralized and independent of happenings in the traditional market and global politics, it is yet to achieve that independence.

It remains under the influence of political happening in powerful economies like the US, and crypto prices bow to the government and its regulations.

Recent global events that affected Bitcoin Price

Currently, the next and most anticipated global event is the coming US election. Sitting President, Donald Trump is out against Joe Biden. The effects the election would have on Bitcoin price cannot be said currently but depends on the election result. Keiser, however, predicts a Bitcoin boom if Biden wins the election.

Previously, global events have had a giant print on Bitcoin price, pushing it to surge exponentially. Equally, Unfortunate global events also affect Bitcoin prices to plunge.

Earlier in January, when a world war iii was looming between America and Iran, after series of hostilities and attacks, Bitcoin price began to surge. The crypto price, which was consolidated around $8k den surged to over $11 k and dropped after Donald Trumps address America was not going to war.

Similarly, during the peak of the coronavirus pandemic months back, the crypto price plunged massively. Bitcoin price dropped steadily below $4k after the World Health Organization(WHO) declared COVI ...

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