Matrixport: U.S. Presidential Election Years Are Usually Good for Stocks and Bitcoin

U.S. presidential election years are usually favorable for stocks and bitcoin, according to Matrixport. Last year, we showed how Bitcoin performed during the 2012, 2016 and 2020 US elections. By July of this year, Bitcoin was up 39% year-to-date, and while an average return of 192% for the year may seem unattainable, Bitcoin is following the election year pattern. Ether and Bitcoin's year-to-date returns of 49% and 43%, respectively, far outpaced the Nasdaq (22%) and SP 500 (16%). Despite the political and macroeconomic tailwinds, traders may opt for high-interest tokens and wait for better re-entry opportunities. The Federal Reserve may indicate at its July 31 meeting that it intends to begin a rate-cutting cycle.