Or uncertainty could work in Bitcoin's favor. After all, it is not due to change at all regardless of who wins the election.

The global influence on Bitcoin is also at an all time high. People from all over the world are getting involved in it. This means that the US influence, as much as we like to look at things through our own eyes, is waning upon this top cryptocurrency. Mining is happening all over the place and people are dumping reserves into it.

Whatever is posited as the reason for Bitcoin's moves, the reality is, it does have pullbacks but keeps churning higher.