Post
Topic
Board Economics
Re: What effect did the Trump's (unexpected) victory on BTC?
by
STT
on 20/11/2016, 04:21:59 UTC
Dollar index has been rising since the Trump victory and is at an eleven month high, meaning that as Bitcoin price has not fallen either that the exchangeable value for goods also has risen.  The dollar rose on anticipation of rate rises due to a right wing president which is speculation.
  Ultimately USA dealing with its debt if Trump does propose to do anything new, will likely see currency weakness which I think means higher bitcoin price as a relative stronghold