CoinDesk· Omkar Godbole·· 3d ago
Bitcoin up 53.7% on average after midterms, S&P 500 gains 15.17% as history guides post-election rally
Original source: CoinDeskRead original
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Bitcoin gained an average of 53.7% in the 12 months after the past three U.S. midterm elections since 2009, excluding 2010 when the market was too small to be reliable, while the S&P 500 has risen an average of 15.17% in the year after midterms since 1950. History suggests both crypto and equities could see strong gains following the Nov. 3 midterms, though analysts note the four-year Bitcoin halving cycle may be a bigger driver than politics.
Source: CoinDesk · coindesk.com