Post
Topic
Board Economics
Re: The recent rise in prices, temporary or more long term?
by
molsewid
on 14/02/2021, 15:51:34 UTC

Trump won the election.  biden was INSTALLED, not elected.  There's a difference.
In my opinion, after taking office, Trump and Biden had some coincidence when the value of bitcoin increased. But to me, Trump is more friendlier and correlated with bitcoin's value. As for Biden, maybe not. The main reason that bitcoin and cryptocurrencies serve as a lifesaver for an economy in disarray after a global catastrophe called covid 19. Depression and depletion of securities has led to an explosion in the crypto market they we see now.

I don't know but since Biden becomes the president of America many institutions freely announce their interest in bitcoin , I think Trump is not good for bitcoin I mean in his term these companies are hesitating to invest or to promote bitcoin in their country since Biden becomes the president the price of bitcoin continues to grow and pumping even more, a lot of good news has been spread and major companies related to finance show their interest like PayPal.