Video Description
Will the midterm elections crash Bitcoin? Every midterm election since 1946 has been followed by a positive one-year return for stocks, about 14.4% on average. Waiting out the vote has not helped either: the S&P 500 rose over the two weeks around election day in 14 of the last 19 midterm cycles, about 1.4% on average. Bitcoin did drop after the last three midterms (400 to 200 dollars in 2014, 6,500 to 3,000 in 2018, 20K to 16K in 2022 with the FTX collapse), but each time it was still deep in a bear market. This time Bitcoin is already back above the bull market support band, so I expect chop and maybe a dip to the 75K to 78K band in mid-November, not a 50% crash. And the year after each midterm was bullish: 3.5x after 2018 and 2.25x after...
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