Why Is Bitcoin Price Rising Before 2024 Elections?

Quick Summary:

The Consumer Finance Institute has revealed that around 20% of American adults own at least one cryptocurrency, which is why it has become the center of the US Presidential Election in 2024.

Even Elon Musk’s company has significant holdings in this cryptocurrency, where just today, Tesla has moved over $759M from Bitcoin Stash. Overall, these large firms are boosting the users’ confidence in this cryptocurrency with their trust in Bitcoin’s strengths and capabilities.

However, many also believe that Donald Trump’s win is better for Bitcoin price and have claimed to see it rise to $90K.

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets: IndiaChina

Topics: BTC price analysis US Presidential Elections 2024 Bitcoin price rally 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 12:37:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 1028 words

Reading Time: 6 minutes read

Sentences: 62 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23087582

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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