Bitcoin has soared 50% on average after midterms. The S&P 500 has gained 15%.
Summary
Historical market data shows that both bitcoin and the S&P 500 typically generate positive returns during the twelve months following midterm elections. While the stock index posts moderate gains on average, the leading cryptocurrency experiences significantly larger historical surges, though this pattern might also be tied to its recurring four-year halving schedule.
Both bitcoin and the S&P 500 have historically produced positive returns in a year after midterms. BTC's pattern, however, could also be explained by the four-year halving cycles.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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