Post
Topic
Board Economics
Re: BTC up on gov shutdown news?
by
arpon11
on 21/01/2018, 19:01:48 UTC
The news of a potential US government shutdown seem to be in sync with this 8% bitcoin rise. Coincidence or not? It was going up anyway and this seems to have triggered a pretty nice green candle. There's US government shutdown fears almost yearly but it has only happened 4 times in 25 years, I wonder how bitcoin will perform if it actually happens, I assume it will perform very well.
I will pray this should not happen now as bitcoin and cryptocurrency market is currently at a bearish trend. If USA government ban bitcoin we should expect a very serious dump to $3,000 because most of the USA traders are definitely going to dump cryptocurrency that they holding and that is going to be bad as the traders are what is sustaining the market now. I don't think this will also happens at this current time as the trump administration is in favor of blockchain technology.