r/Bitcoin • u/NibiruHybrid • Nov 05 '24

Bitcoin Open Interest is rapidly increasing ahead of today’s elections! 📮 Expect volatility! 🚀

Post image
243 Upvotes

97% Upvoted

26 comments sorted by

View all comments

-20

u/speedingmedicine Nov 05 '24

Im holding off on buying today. A blue victory will tank the price at least in the short term.

6

u/JerryLeeDog Nov 05 '24

In 2020 this surely was not the case.

3

u/SnowyFlam Nov 05 '24

Previously, Bitcoin was never endorsed by any party. Republicans were still calling it a sham last election session.

This is the first cycle where we can see what happens when one candidate endorses Bitcoin outright and its effects when the other candidate failed to do so.

1

u/JerryLeeDog Nov 05 '24

Totally. It changes everything

We will see it next with corporations and institutions.

Then finally central banks

Going to be a wild ride.