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.
The victory of Trump has nothing to do with the rise in bitcoin price as other factor could certainly influence the price. However most market were falling immediately after the win of Donald Trump. But the reverse was the case for bitcoin. Just before the election bitcoin price reached nearly$740 thereafter the value stabled at $705 and suddenly jumped to $739 after his win. Thus, lets wait and see after Trump's inaugauration in January if he will accept bitcoin...