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Bitcoin Investors Worry How The US Elections Will Effect The Cryptocurrency's Price New Survey Finds

Summary: A group of 500 investors stated that the US election is their biggest concern surrounding Bitcoin's price, a recent survey by Cryptopotato found. While Bitcoin is hailed as a portfolio diversifier and safe-haven asset, however in its short history the cryptocurrency has often moved hand-in-hand with assets like gold or the stock market. In March, ...

A group of 500 investors stated that the US election is their biggest concern surrounding Bitcoin's price, a recent survey by Cryptopotato found.

While Bitcoin is hailed as a portfolio diversifier and safe-haven asset, however in its short history the cryptocurrency has often moved hand-in-hand with assets like gold or the stock market. In March, Bitcoin's price plummeted 40% during the COVID-19 outbreak.

39% of 500 Bitcoin investors surveyed said they believe the US election will have the greatest impact on Bitcoin's price beating out stock market performance, gold's price and DeFi hype. 

By Emily Mason

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Link: Bitcoin Investors Worry How The US Elections Will Effect The Cryptocurrency's Price New Survey Finds   [Copy]
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