The shocking news of Donald Trumps 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 wasnt 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 yesterdays bitcoin price and this is all according to
FortuneI'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.
I think that the only reason that bitcoin went higher from the point people realized that Trump is going to win the race,is that the stocks and USD currency went down,so at the same hand bitcoin had to go up to match the prices decreases.