Trump or Biden? Bitcoin wins regardless of US election

Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin would likely thrive.

Industry executives, including DCG and Grayscale CEO Barry Silbert, say both a Trump or a Biden win would buoy BTC. The optimistic stance of industry execs despite the glaring election risk comes after Grayscale's Bitcoin study.

In 2019, Grayscale discovered that 36% of investors in the U.S. were interested in investing in Bitcoin.

"Interest is on the rise: More than half of U.S. investors are interested in investing in Bitcoin In 2020, more than half of survey respondents expressed interest in Bitcoin investment products. This marks a significant increase from the 36% of investors who said they were interested in 2019.".

Higher mainstream awareness strengthening BTC. The strong fundamental factors behind Bitcoin and the rapidly growing demand could offset the election risk in the fourth quarter.

The number of investors familiar with Bitcoin has also increased noticeably.

Bitcoin being a hedge asset against inflation and having demonstrated exponential growth potential makes it a compelling portfolio asset for both institutions and accredited investors.

The number of investors purchasing Bitcoin with a fraction of their capital or portfolio and building on top of existing positions has increased as well.

"The factors that drove interest in Bitcoin last year resonated even more with investors in 2020. In 2019, 59% of survey respondents indicated that the ability to start with a small amount and increase their investment over time would be a motivating factor when considering Bitcoin investment products; in 2020, that number increased to 65%.".

The clear spike in interest towards Bitcoin follows a continuous rise in inflows from institutional investors.