Another rather intriguing article has just been published. And I want all EN readers to read and note this. It doesn’t matter if you are a regular, participating everyday, HYIP investor or you only join very rare HYIP platforms or you are just a newbie who is beginning to understand what it is and what it’s all about… There are several important events every year that could potentially change the whole picture of both traditional and crypto financial markets. You should know this beforehand:
Bitcoin broke up through $12,000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high.
Here are all the reasons why the coming showdown between Trump and Biden could deal a deadly blow to markets, especially Bitcoin.
WHAT A BIDEN OR TRUMP WIN MEANS FOR BITCOIN AND GLOBAL MARKETS
The uncertainty of a potential regime change and how that could impact corporate tax law has led to large shifts in sentiment ahead of each Presidential election. For example, Trump taking office kicked off another extended bull market for stocks and Bitcoin.
Analysts are expecting a Joe Biden win to do the opposite. These same analysts worry that amidst one of the greatest recoveries on record and peak exuberance, such a win may not yet be priced in. However, it could soon be.
VIX Volatility Index Election Years | Source: TradingViewThe CBOE VIX index, a volatility index that looks at implied volatility in the S&P 500, rises every election year, signaling general explosiveness throughout. But due to the pandemic and the current economic factors and political unrest, the VIX has never been higher during a recent election year.
Bitcoin Versus S&P 500 Correlation Chart | Source: TradingViewWhether this means that Bitcoin has caught on with a different investor type, or if there are other dynamics at play, is unknown. However, the correlation over the last two quarters since the pandemic hit cannot be denied.
Bitcoin Bull Run Election Years | Source: TradingViewWhatever the case may be, markets are likely to be more volatile and, therefore, far riskier in the days leading up the final Trump versus Biden showdown for the White House.
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