How would handling over of an American ex-president to a new president affect the price of Cryptocurrency like bitcoin. The main factor that affects the Cryptocurrency price is the force of demand and supply, every other factors is secondary.
When there is a change in presidency it will affect the relationship that the country has with the other countries as well which would impact on the global economy. Especially for a country that is as powerful as the United States of America. Also the new President could have different views when I come to cryptocurrency and therefore this would affect how it is used within the country and in turn affect the supply and demand.
I don't think it is the United States of America election that is affecting the crypto currency
Depending on the presidency and what the laws are that surround these coins, that will largely affect how cryptocurrencies used and in turn the demand of it. So what's the fact that it has is not a direct effect the impact is generally there. After all the United States of America is considered to be the powerhouse country for the entire world.
The election can affect the cryptocurrency market because that will be dependent on the stance taken by the government as to the acceptance or declining of these currencies.
They may not react directly to the news however cryptocurrency is very influenced by how people perceive the news as well and this can affect the price. For example if people have any questions about the presidency and if this had to change the view on financial systems within the country they may be inclined to move away from cryptocurrency.
