Post
Topic
Board Economics
Re: Bitcoin Price Jumps on Trump Victory
by
shyich03
on 14/11/2016, 15:03:04 UTC
Don't be baited into thinking that Trump election would mean mean long time prosperous time for bitcoin. It was only a temporary price spike.
Stock Investors like always are reacting allergically to every change they think might destroy our current economic status quo.
It was exactly the same after Brexit - bitcoin's price spiked for a brief time and reverted to back to standard position.
its just like what happens to gold and JPY. goes up for a bit and then back down. People still gave faith in the US economy under Trumps hand. To be honest, he could bloom the US economy, but with the price of less international influence.