🥸 Biden vs Trump🫢
The 2020 election was played out amid initial uncertainty as President Trump outperformed forecasts, creating a tighter-than-expected race.
🚀 Despite this, markets rose as it became clear that Biden would win, fueled by hopes for a divided government that could limit regulatory and tax changes.🏦
🦠 These sentiments were further fueled by Pfizer's (NYSE:PFE) announcement shortly after Election Day that it had developed a highly effective COVID-19 vaccine, bolstering market optimism and helping to boost risk assets.
However, the sharp growth took a pause for correction📉 after several Biden screw-ups, and closer to the realization that it was time to replace the “old man” — assets began to grow, including crypto📈
❗️ However, the essence is the same - after the presidential elections, the markets grew, even at a time when they were considered overheated. Crypto grew, updated ATH, and went into a natural correction, after which it entered the growth phase🔥
#BidenSupportsGensler #TrumpCryptoSupport #USElections2024Countdown #NovemberMarketAnalysis #OctoberCryptoFundingSurge