Bitcoin Price Watch; Will We See A Debate Hangover?
Here’s a look at what we are going for in the bitcoin price this morning out of Europe.
So it’s Tuesday morning, and after yesterday’s first presidential debate in the US, there’s every chance we will see some level of increased volatility in the bitcoin price as we head into the European open this morning. When the US kicks off for the day, we’ll probably see this volatility amplify.
Exactly how things will play out remain uncertain – the implications of political uncertainty on an asset like bitcoin are just that – uncertain – but our best bet is risk rooted. Uncertainty pretty much only ever leads to a reduced risk tolerance, and risk off sentiment translates to a shift from the risk on asset classes to the risk off asset classes.
For a couple of years now, we’ve been painting bitcoin as having the potential to fall well within the realms of the latter.
This post was published at NewsBTC