Originally reported November 11, 2026, at 22:18 (UTC+8). Crypto market research firm 10x Research said bitcoin’s average returns after U.S. midterm elections were negative at one month (−13.6%), two months (−21.6%) and four months (−13.3%), before turning positive at six months (+3.5%) and one year (+53.9%).
According to the firm, bitcoin subsequently outperformed the S&P 500, Nasdaq and gold over the 12-month period. It put their average returns at 14.3%, 23.1% and 18.5%, respectively.
10x Research argued that, viewed against 80 years of history, post-election volatility spikes generally signal an exhausted cycle rather than a structural break. It also claimed that Democratic control of Congress would accelerate currency debasement through higher baseline deficit spending and expanded benefits. The source does not independently establish that political outcome or the proposed economic effect.
The firm described the pullback as a potential entry point for patient capital in its discussion of a post-midterm “washout” event. That is 10x Research’s interpretation of historical patterns, not a forecast established by the reported averages.