Post
Topic
Board Economics
Re: Bitcoin Rallies During Presidential Election
by
bitjoin
on 03/11/2016, 08:43:13 UTC
We can't identity the reason, and that's make that section so living Grin ! It also contributes to people buying bitcoins since all their phantasms are awakened.

I think many people, after  halving,  were claiming that bitcoin price will touch $1000 in December this year. and i think the current price increase is the way towards that price of $1000 mark in December.
I dont think Presidential Election has anything to do with the price boost of bitcoins.

If there is instability then bitcoin always has an excuse to rise so it can effect the price.  Just like if there is an issue in crypto world the bitcoin has a reason to drop.  The current move looks like its to do with a china or a natural increase in value though IMO.