According to Coindesk, FalconX recently analyzed the relationship between changes in Bitcoin price and the probability of the Republican candidate, Donald Trump, winning the election. The study found that there was no apparent correlation between the three-day change in Bitcoin price and the three-day change in the candidate's chances of winning over the period from June 1st to August 15th. FalconX highlighted that Bitcoin prices are influenced by macroeconomic factors such as expectations of US monetary policy and oversupply, rather than just the probability of Trump's election. For instance, the selling actions of the government of Saxony and the concerns of Mt.Gox creditors about supply have limited Bitcoin prices. However, as the US election approaches, the outcome of the election could become a critical factor in determining the price of Bitcoin.