Bitcoin's Election Day Surge On November 3, 2020, Bitcoin (BTC) experienced a sudden surge, rising 4.3% to reach $71,450. This surge came amid the US presidential election, as investors turned to the digital asset as a hedge against potential volatility in traditional markets. The hashtag #BitcoinElection trended on social media, with investors and crypto enthusiasts closely monitoring the price movements. 2024 Gains Outpace Traditional Assets Bitcoin's 2024 gains have outpaced traditional assets, such as stocks and gold. While the S&P 500 index has seen a 5% increase, and gold has risen by 25% in the same period, Bitcoin has surged by over 80%. This has sparked discussions about Bitcoin's role as a potential safe haven asset in times of economic uncertainty, and its potential to disrupt traditional financial systems. The Bitcoin Halving Effect One of the main drivers of Bitcoin's recent surge is the upcoming halving event, which is ...
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