Bitcoin's Q4 Outlook: Igniting Growth Amid Political Uncertainty
As the fourth quarter approaches, Bitcoin's price is expected to experience significant upward momentum, despite the potential disruptions posed by the upcoming U.S. presidential election. CK Zheng, chief investment officer at ZX Squared Capital, believes that the ongoing concerns surrounding national debt and budget deficits—issues that both major political parties have largely ignored—could create a favorable environment for Bitcoin’s growth in the aftermath of the election. Historically, Bitcoin has demonstrated impressive performance during the fourth quarter, particularly during halving events. Since 2013, the cryptocurrency has rallied over 50% in Q4 on six separate occasions. For instance, during the last halving in 2020, Bitcoin skyrocketed by 168%, coinciding with the previous U.S. presidential election. This pattern suggests a historical precedent for substantial price increases in this timeframe. Zheng also highlights the Federal Reserve's recent decision to im...