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?
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.
Bitcoin would reach $100K without Trump's victory because there are too many reasons why the price should grow but Trump gets merit for Bitcoin's growth up to $100K because he was actively talking about Bitcoin, he was good enough in marketing to make people believe that his victory would be a guarantee of Bitcoin's success and it happened like he won elections and Bitcoin's price immediately increased.
I and you know that Bitcoin would surpass $100K anyway but the fact that Trump was a catalyst for this process can't be ignored.
Of course without Trump's victory Bitcoin will still reach 100K, it's just not known when it will happen. And this incident can be said to be just a coincidence but in reality Trump does have an influence on the increase in the price of Bitcoin, but we cannot say or assume that Bitcoin's movement depends on Trump's policies or the US government because Bitcoin was originally designed to be free from government interference and decentralized.
And Trump's activeness towards Bitcoin may have the potential to be the impetus that many investors have been waiting for and the previously lost trust has now returned and has had a good impact on Bitcoin which has increased.