{"id":111873,"date":"2020-11-13T17:40:00","date_gmt":"2020-11-13T14:40:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cointelegraph-consulting-how-the-us-election-may-impact-bitcoin-price\/"},"modified":"2020-11-13T17:40:00","modified_gmt":"2020-11-13T14:40:00","slug":"cointelegraph-consulting-how-the-us-election-may-impact-bitcoin-price","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cointelegraph-consulting-how-the-us-election-may-impact-bitcoin-price\/","title":{"rendered":"# Cointelegraph Consulting: How the US election may impact Bitcoin price"},"content":{"rendered":"<p>&#8220;<strong># Cointelegraph Consulting: How the US election may impact Bitcoin price <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvM2Y0M2JiNmMtNDc4ZS00NzdjLTlmZGYtMTc4YjIyMWNiMzFhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate. Historically, Democrats have been bullish for gold, as the common perception is that more unbacked money gets printed under Democratic leadership, further debasing the dollar. In the short term, Bitcoin (BTC) has already strongly benefited, increasing by 10% since election day so far.<\/p>\n<p>The latest findings by Santiment, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/?fpr=cointelegraph\">published<\/a> in Cointelegraph Consulting\u2019s biweekly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, indicate that long-term Bitcoin holders\u2019 average profits are sitting at a 14-month high, increasing the likelihood that they may exit the positions and take profit.<\/p>\n<p>Market Value to Realised Value, or the MVRV ratio, is an indicator that tracks the\u200b average profit or loss\u200b of a certain group of holders in an effort to understand whether they are in a position to sell at a profit. Shortly after breaking $15,000 on Nov. 5, Bitcoin\u2019s 30-day MVRV ratio \u2014 or the average ROI of all addresses that have acquired BTC in the past 30 days \u2014 shot up by 18.8%, indicating that short-term BTC holders were averaging close to 20% profit on their initial investment.<\/p>\n<p>Other on-chain metrics show that Bitcoin whales have been accumulating BTC in the run-up to the latest push past $15,000. The collective balance of addresses holding 10 to 100 BTC hit a 6-month bottom on Sept. 20 before starting to bounce back, and has grown by 37,800 BTC since, implying renewed confidence in the asset.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template>Other news from around the legislative and enterprise blockchain world showed\u00a0 one of China\u2019s largest banks launching a new blockchain-based bond that uses tokenized certificates. In the U.S., the Securities and Exchange Commission is having a record year with more than $1.26 billion collected from unregistered ICOs in 2020.<\/p>\n<p>Read the full newsletter edition here to get the entire scoop, complete with detailed charts and images.<\/p>\n<p><em>Cointelegraph\u2019s Market Insights Newsletter shares our knowledge on the fundamentals that move the digital asset market. With market intelligence from one of the industry\u2019s leading analytics providers,\u00a0<\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/?fpr=cointelegraph\"><em>Santiment<\/em><\/a><em>, the newsletter dives into the latest data on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> sentiment, on-chain metrics and derivatives.<\/em><\/p>\n<p><em>We also review the industry\u2019s most important news, including mergers and acquisitions, changes in the regulatory landscape, and enterprise blockchain integrations. Sign up now to be the first to receive these insights. All past editions of Market Insights are also available on Cointelegraph.com.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cointelegraph-consulting-how-the-us-election-may-impact-bitcoin-price\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cointelegraph Consulting: How the US election may impact Bitcoin price &#8221; With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate. Historically, Democrats have been bullish for gold, as the common perception is that more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":111874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/3f43bb6c-478e-477c-9fdf-178b221cb31a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,67874],"class_list":["post-111873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=111873"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/111874"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=111873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=111873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=111873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}