CandleFocus

Why the US election could put a timer on this bitcoin bull market

The article discusses the current bull market in Bitcoin, which has been ongoing for 686 days since November 2022. It compares this bull market to previous cycles and notes that Bitcoin returns have diminished with each cycle. If Bitcoin were to undergo the same degree of growth as it did between 2018 and 2022, its market cap would need to rise to $6.3 trillion, making it almost twice as valuable as Apple stock. The article also mentions the potential for Bitcoin to continue its bull run over the next eight months, potentially coinciding with the next US president's first term. However, it suggests that the upcoming election could mark the beginning of the end of the current cycle.

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