Post
Topic
Board Speculation
Re: Price climbing fast again
by
virusasog
on 01/03/2017, 10:15:43 UTC
A recent news however about a 10% increase in budget for defense is indirectly a wind behind the sail of Bitcoin, because those $54 billion dollars are going to come from thin air and then worsen the inflation dilemma the dollar is already having and then the race to Bitcoin as save haven would simply continue

Again, that remains to be seen

Trump has also said he is going to constrain as well as eventually diminish the US national debt, and he bragged just about that after a month of being the US president when the debt declined somewhat. Since the US budget deficit has been mostly financed via debt during the last years, a 10% increase in military spending basically means a cutdown in other expenditures (e.g. Social Security) if Donald is really going to curtail debt. But less debt means less dollars (i.e. higher value)

 What's the case here, are you saying is involves in the price bump of bitcoin. I thought it may happened because of the adoption is moving more to bitcoin. Then demand is going more bitcoin nowadays. Clarify the information.