Post
Topic
Board Economics
Re: Bitcoin Price Jumps on Trump Victory
by
Liad.Services
on 21/01/2017, 12:14:35 UTC
Well i don't know much but as far as i know the bitcoin price is mainly controlled by the Chinese as most of the big investors are from china. And the recent fall after reaching 1100$ is because of the Chinese ' s itself as there central bank issued a statement that bitcoin can be a risky investment i don't think there was a increase in price because of trumph in can be a coincidence though.

Yes, the last bubble was happened just because the chinese were buying and selling pretty fast.

If you were taking a look at the chinese market's cap you would see a very large and unusual amount of bitcoins that are being transacted.

Anyway I think that Trump is only going to do good to bitcoin, as everything unusual that happens around the world may make the bitcoin's price to rise.