Bitcoin rose from $35,000 to $105,000 under Biden, Gabor Gurbacs notes

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Biden tenure boosted Bitcoin price markedly

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Yaroslav Dmytrenko

24.08.2026

Bitcoin rose from $35,000 to $105,000 under Biden, Gabor Gurbacs notes — Biden tenure boosted Bitcoin price markedly

Gabor Gurbacs argues that President Joe Biden had a positive impact on Bitcoin during his term.

According to Gurbacs, Bitcoin was priced at $35,000 when Biden took office and reached $105,000 by the end of his tenure. He also points out that the approval of a Bitcoin ETF occurred while Biden was president and that Biden’s SEC chair was a supporter of Bitcoin. Gurbacs highlights the importance of actions over words in assessing political influence on the crypto market.

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Gurbacs has previously questioned the U.S. government’s credibility regarding cryptocurrency, noting a lack of official Bitcoin purchases. In a separate analysis, he critiqued hedge fund strategies following the Citadel incident. His commentary often focuses on the practical actions of institutions in the digital asset space.

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