Parabolic bull run incoming
in the next 30 days.
November 2 is a day that you definitely want to be paying attention to.
We have evidence to suggest that in the 28 days following this date,
the price of Bitcoin will hit hyperdrive and kick up the thrusters on its moon trip.
Find out why this date is so important
and why history suggests giant green candles are going to start sprouting up faster than those weeds in your front yard.
You should really call a landscaper,
and after November, you might just be able to afford one.
Let's get it.
Welcome to BitBoy Crypto!
My name is Ben.
Everyday, I tell you how to make money in crypto.
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In today's video,
we are going to be breaking down exactly why you need to pay attention to a date in early November and not the one that you think.
Remember, remember the 2nd of November.
I think that's how it goes anyways.
But this date is vitally important.
We have historical proof that the 28 to 35 days after Monday, November 2,
we'll see several green candles on the weekly consecutively
that could push the price of Bitcoin up to somewhere between $12,000 and $15,000.
And I think at this point, we would all take that.
Those numbers are based on the current price of Bitcoin,
but even if the price were to go below $10,000 before that date,
the month of November should still push us above $12,000, at the minimum.
So the question is why?
Why is the first Monday in November such a significant day?
Let's just say it's the calm before the storm.
You see, the first Monday in November every 4 years dictates the date of the United States presidential election.
I had to look this up because I had always heard Election Day was the first Tuesday of the month,
but that actually is not technically true.
Election Day is the first Tuesday of November following the first Monday,
meaning November 1 could never be election day.
I mean, think about people coming in hungover from Halloween.
That might be why they did it.
But that's some interesting trivia for you.
Election Day falls somewhere between November 2 and November 8,
but this year, the first Monday, November 2, means that on that date, the world's most powerful person will be picked,
other than Bill Gates of course,
and this takes place on November 3.
Also, while many people consider Bill Gates to be a lizard person,
the next US president logically can't be an Illuminati iguana.
I mean, have you ever seen an orange lizard?
And even if Joe Biden were a lizard person,
would he even remember?
Maybe there are actually orange lizards, but anyways,
go ahead and let me know in the comments who you want to win the presidential election.
Type #orangemangood if you are a MAGA supporter.
Type in #theotherguy if you like Creepy Uncle Joe.
He might smell your hair.
But back to the matter at hand,
this election will have a profound impact on the price of Bitcoin.
How do we know that?
Well, because it always has.
But here's the thing.
We keep looking at historical Bitcoin charts and halving cycles.
It's important to remember here that the US presidential election is the only event of its kind in the world that affects markets this drastically.
Most other things that affect markets are surprise events,
like a bad jobs report,
a war or natural disaster.
The US presidential election is scheduled.
We know when it is technically hundreds of years in advance of those dates.
Of course, if we're still here hundreds of years from now.
Let's hope there's no solar flares.
So while we can compare the 4th month following the halving cycles because that is a flexible date on the calendar,
the election is the one event that is static, affecting markets during every single cycle.
Could it be that this event actually could supersede the halving cycle?
According to the historical Bitcoin chart,
we should hit all-time highs in December of this year.
We should also have a big crash in early November,
but could the election throw that off in one direction or the other?
This is why it's important to understand where the halving is in respect to the election date.
Funny thing about that is since Bitcoin halvings are based on 210,000 blocks and hash rate,
that means it's not based on a calendar like many people believe.
We've seen these cycles last closer to 3 years in 10 months than hitting 4 years on the head.
So what's the significance there? You may be wondering.
To this point in Bitcoin's lifespan, the presidential election and Bitcoin halving have always occurred during the same year.
In the future, that won't be the case.
In about 3 cycles from now, the Bitcoin halving date could actually occur during the year previous to presidential elections.
This would mean that the presidential election would eventually take place at the peak of a bull market many years in the future,
if that is such a thing.
Bull markets, if they continue, I mean.
Let's go over the previous elections and how they impacted Bitcoin and how we can be very confident this will be the case once again.
Going back to the presidential election in 2008, Bitcoin did not even exist.
That year, former prisoner of war and veteran, John McCain, faced off against Barack Obama.
Of course, Obama won, and the financial crisis worsened.
While there was no Bitcoin in 2008, this was actually the year that birthed Bitcoin.
2009, the BTC anonymous creator, Satoshi Nakamoto, brought Bitcoin into existence.
But it was the 2008 financial crisis that necessitated being our own bank and digital money.
Now, did the 2008 election have any bearing on the actual creation of Bitcoin?
It’s really hard to say, but that was a very significant year for Bitcoin.
So let's fast forward to 2012.
President Barack Obama was up for re-election against the former governor of Massachusetts, Mitt Romney.
And I'm going to go ahead and tell you, if they didn't nickname this guy “The Glove” when he was a kid,
it was a missed opportunity.
The story of this election was that it basically came down to a huge mistake that Mitt Romney made at a closed door fundraising banquet,
where he claimed that 47% of Americans play the victim card and are totally dependent on the government.
With Democrats and Republicans basically split down the middle, 50-50, with some independents sprinkled in,
this 47% comment ultimately doomed Romney in his election hopes against President Barack Obama,
and he won re-election.
This is extremely important for our analysis, as our current president is also facing re-election.
So, let's check out the price of Bitcoin during this time.
The election was held on Tuesday, November 6, 2012.
The price of Bitcoin on the Monday before the election, November 5, was sitting at $10.13.
Over the next 28 days, the price of Bitcoin would see 5 consecutive green candles on the weekly, raising the price all the way up to $13.59.
It's crazy!
Basically, a $3 move back then was moon time.
This represented almost a 35% increase for Bitcoin.
Wow!
Out of all of the Bitcoin cycles though, this was the only cycle that occurred following the election, not before.
Now, you can see in the picture here where the halving pump kicked it up after the election.
So, let's now jump forward faster than Marty McFly to 2016.
The 2016 election marked the year that the so-called glass ceiling was going to break.
No longer would presidents of the United States only be men.
The pre-ordained candidate Hillary Clinton surely would do it and win.
Then challenger Donald Trump had virtually no chance according to everyone not named Kellyanne Conway.
But we all know the impossible happened on election day.
Four months following the halving, November 8, 2016,
an Orange Man Bad became a thing,
which works pretty good for orange coin, bad jokes.
The tears and screams of Libs could be heard from miles away.
So what happened to Bitcoin following the election?
Well, despite a change in leadership, it still pumped,
which is good news for the BitSquad,
as we love to get money.
On the day before the election in 2016, the price of Bitcoin was $678.
Over the next 28 days, Bitcoin saw a price increase to $778, almost exactly $100 up.
The $100 rise that represented basically a 15% increase is evidenced on the chart.
In the subsequent 4 weeks,
as you can see here in the graphic, we saw more green candles.
That election saw 7 consecutive green weekly candles.
The surprise election win did not cause a pump as much as the first one.
Bitcoin has proven over Trump's presidency that it pretty much likes him,
but even more so, it likes stability in leadership in geopolitics.
Political change is usually unwelcomed by Bitcoin.
So that brings us to today.
What can we expect on November 3, 2020?
Well, the truth is by then, you would have missed the best entry point,
as history has shown the price of Bitcoin actually starts rising the day before the election.
So, we have two choices here,
a re-election of Donald Trump or a new president, Joe Biden.
However, the betting odds have placed Joe Biden as a slight favorite in this election.
Now, I would say I would put way more stock into the betting odds than the polls.
They're pretty much rigged. Everyone knows that.
But drop me a comment about whether or not you think we should trust polls in America.
My vote is no. I pay no attention to them.
But the polls have Biden as a big favorite.
For this reason, we've seen the markets hedge their bets against a Biden win.
The stock market obviously would prefer a Trump win.
stonks
The truth is, this election will be close.
It's hard to determine the outcome at this point.
I've already made clear who I think will win in previous videos, for different reasons.
But for Bitcoin, a Trump win means stability in leadership.
We know what we're getting. No surprises.
A Biden win means uncertainty.
And for Bitcoin, that is not what we want to see.
Either way, we will certainly see a huge impact on the price of Bitcoin due to the election.
And history shows it's most likely going to coincide with some juicy green candles.
Yum.
That's all I got.
Be blessed.
BitBoy out.