Bitcoin Rallies as Democrats Dominate US Midterm Elections

A blue sweep of the House and the Senate in the United States means that the last two years of the Trump administration could be a turgid affair as far as passing legislation is concerned. Is this good for markets and for Bitcoin? More certainty in markets? One outcome of the U.S. midterm elections, with the Democrats taking control of the House and of the Senate, is that the second two years of the Trump administration are going to be extremely frustrating, at least as far as the Republicans are concerned. Any important legislation which is counter to Democrat thinking can be blocked and defeated, resulting in a general paralysis for the rest of the term of the Trump administration.

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