The American election has finally come to an end; Joe Biden is now the 46th president of the United States. As a result, Donald Trump will leave the White House within 75 days. On the other hand, the investors are now on a close watch on how the US election results will impact the world economy.
These events made Joe Biden react, he said:
America, I’m honored that you have chosen me to lead our great country. The work ahead of us will be hard, but I promise you this: I will be a President for all Americans — whether you voted for me or not. I will keep the faith that you have placed in me.
Today, the US stocks like Nasdaq is up .04% while GlobalDow and oil both gained over .2%. Meanwhile, Bitcoin maintains to be the number one cryptocurrency with a market capitalization of almost $300 billion. In addition, Bitcoin trades at a price of over $15,000 with a growth rate of +9.0% in the last seven days.
Furthermore, Bitcoin price increase is not dependent on the results of the US elections. As a matter of fact, Bitcoin price is down by -3.3% in the last 24 hours. Yet, in a news report, Bitcoin remains to be the top currency ahead of the US elections. It also includes that the price expansion of dollars might be a factor to consider in Bitcoin’s price surge.
Regardless, Bitcoin already established its good reputation in terms of its market stability. Many countries and investors around the world continue to acknowledge the coin’s potential. More so, Bitcoin analysts predict that Bitcoin will boost its market cap to trillions in the next 5-10 years.