Max, CEO and founder of media platform Because Bitcoin, offers a unique perspective on Bitcoin's (CRYPTO: BTC) potential performance leading up to and following the upcoming U.S. presidential election.

What Happened: In his latest podcast, Max examined Bitcoin's historical price action around past U.S. elections, identifying a consistent trend: bear markets tend to bottom well before elections, followed by a gradual upward movement into election day.

The analyst notes that regardless of whether a new president takes office or an incumbent remains, Bitcoin has shown similar behavior across multiple election cycles. Max observes, "You put in a bear market bottom, you grind up into the election, and then you have an aggressive expansion to the upside immediately following."

Interestingly, Max points out that post-election rallies have lasted approximately one year in previous cycles. He calculates that Bitcoin reached its peak 393, 404, and 372 days after the 2012, 2016, and 2020 elections, respectively.

Also Read: A Donald Trump Win Could Be Seen As Bullish, Harris Victory As Bearish For Crypto: Bernstein

Why It Matters: Max suggests that Bitcoin could potentially see a bull market peak between October and December 2025 if history repeats. He emphasizes, "That would mean that from right now because we're not at the election yet, we potentially have another 400 days left of upward price expansion."

Max also highlights the curious alignment of Bitcoin halvings with U.S. elections, noting that recent halvings have occurred just before elections, often coinciding with choppy price action. On April 20, Bitcoin prices stood at $63,850 and then rallied to $71,400 exactly one month later on May 20.

While cautioning that past performance doesn't guarantee future results, Max's analysis provides a thought-provoking framework for understanding Bitcoin's potential trajectory about political cycles.

What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image created using artificial intelligence with Midjourney.