Hedge fund CIO: Bitcoin will benefit no matter who wins the US presidential election

Bitcoin prices will benefit regardless of who wins the US presidential election, said the chief investment officer of ZX Squared Capital.
According to Cointelegraph, on the 30th (local time), CK, CIO of ZX Squared Capital, a virtual currency hedge fund
"The impact of the Bitcoin halving event scheduled for April drove a historically strong fourth quarter, with the U.S.
"The two leading presidential candidates in the United States have failed to address the key issues that would favor Bitcoin," he continued. "Both Republicans and Democrats have used this election to address the growing U.S. debt and deficit.
"This will be a very positive signal for Bitcoin especially after the US elections as we have yet to properly resolve it," he added.
Bitcoin has risen in the past due to uncertainty surrounding the announcement of the results of the US presidential election.
Bitcoin has historically surged in the fourth quarter, and since 2013 it has surged by 6.5% in the fourth quarter, according to data from CoinGlass.
The price has risen by more than 50% in each of the past two years, and this increase was even greater in the year of the Bitcoin halving.
During the past halving, Bitcoin surged 168% in the fourth quarter of 2020, but has not seen any major price increases this year.
This was also the last year that saw a U.S. presidential election, and he predicted that Bitcoin would hit a new all-time high during or after the fourth quarter.