Post
Topic
Board Economics
Topic OP
Bitcoin Price Jumps on Trump Victory
by
MadGamer
on 10/11/2016, 08:00:03 UTC
The shocking news of Donald Trump’s election victory rattled markets across the world, leading some investors to seek refuge in assets outside of stocks and bonds. The price of gold surged, as it usually does during times of uncertainty, but it wasn’t the only asset to benefit.

The cryptocurrency bitcoin also jumped to a recent high of $738 overnight, and was trading at around $726 on Wednesday morning according to Coindesk. That represents around a 3% increase from the $708 mark that was yesterday’s bitcoin price and this is all according to Fortune

I'm the only one thinking that It has nothing to do with him winning the elections ? because If it was the case , price wouldn't turn to what it was before.