Re: What effect did the Trump's (unexpected) victory on BTC?
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
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
USD, is gaining strength due to an interest rate in December.It is obvious that Yellen and friends will do that.However, Trump announced that he does not like the policy of Yellen.I believe there will be a different person to sit on the chair of Yellen by 2017.
The interest rates may not continue to increase is USA if Trump wants people to invest in industry rather then financial instruments.
USA debts? They print USD
