Matrixport: The US election may lead to a continued bull market for cryptocurrencies, with Bitcoin set to achieve record-breaking returns
ChainCatcher news, Matrixport released a new report indicating that Bitcoin has set a historical record for the second consecutive month of positive returns over seven months in this bull market, a feat only previously achieved in September 2012. Although Bitcoin dropped 10% in October 2012, it subsequently rose for six consecutive months, increasing nearly tenfold from November 2012 to April 2013.Additionally, Matrixport emphasized that Bitcoin performs exceptionally well in U.S. election years, with an average increase of 192%. Given the lack of hawkish stances in last week's Federal Reserve meeting, the U.S. presidential election may lead to a continued bull market for risk assets (stocks + cryptocurrencies).Bitcoin is expected to achieve positive returns in March, and April often performs strongly, with an average return of +12% over the past decade, and summer price trends typically move upward. Therefore, it can be anticipated that Bitcoin will set a record-breaking return.