Some guys in the area are saying that Trump is the reason why Bitcoin got to $100k last year and even surpassed it this year. Do anyone of you here have same thought?
I hope not. Because if you think that trump is the reason for bitcoin's positive movement last year then you would also expect that trump is the reason for bitcoin declining right now which is wrong. This could lead to wrong assumptions that the market can be manipulated all the time when the market is just going in cycles in which trump only helped to boost.
In my opinion, wiithout the US presidential election, Bitcoin would have still surge to $100k last year or this year. There's no reason to give unnecessary credit to Trump as the god that made it possible for Bitcoin to quickly catapulted to $100k. Do you agree with those people that are giving credit to Trump? What do you have to say.
We can't completely disregard trump. He was the boost for bitcoin to reach $100k as quickly as it did but it is not all trump's neither it is god. It is simply the market cycle and the psychology of investors.