Bitcoin under Trump could triple in value

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https://www.rt.com/business/372873-bitcoin-rise-2017-predictions/

The cryptocurrency bitcoin could triple in value this year thanks to US President-elect Donald Trump’s “spending binge,” according to a report from Saxo Bank which said the value of bitcoin could hit over $2,100.

The bank’s annual report “Outrageous Predictions for 2017” was published in December. It stated the expected increase in fiscal spending by Trump’s administration would cause “US growth and inflation to skyrocket, forcing the Federal Reserve to accelerate its hikes and the US dollar to hit the moon.”

The dollar would be an attractive currency for foreign investors. That will create a “domino effect in emerging markets and China, in particular, leading people globally to look for alternative forms of currencies and payment systems not tied to central banks,” said chief economist at Saxo Bank Steen Jakobsen.

He added that bitcoin as the largest cryptocurrency would benefit from that chaos. “We could see bitcoin easily triple over the next year going from the current level to $2,100,” Jakobsen said.

Bitcoin was trading at around $900 in the first week of January, up from $400 at the start of 2016.

The digital currency’s price would rise partly due to Chinese investors seeking higher returns. China accounts for about 90 percent of all bitcoin trading on exchanges. The country has strict capital controls, which makes it difficult for the Chinese to convert the yuan into foreign currency, and limits the amount of cash investors can move abroad.

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“He added that bitcoin as the largest cryptocurrency would benefit from that chaos. “We could see bitcoin easily triple over the next year going from the current level to $2,100,” Jakobsen said.”

the trump effect?

i think its going up no matter who is in charge..

“The digital currency’s price would rise partly due to Chinese investors seeking higher returns. China accounts for about 90 percent of all bitcoin trading on exchanges.”

thats much more likely..

401

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~ by seeker401 on January 10, 2017.

7 Responses to “Bitcoin under Trump could triple in value”

  1. Seek. Off topic.. Assange has been missing since the podesta emails were released. If i didnt know all this stuff, a lot of people didnt. The Hannity interview has been pulled apart and proven false. Hannity has long been named as one of the 400 CIA media assets. He is a short vid showing why it is believed Assange is missing.. https://www.youtube.com/watch?v=zon7snMdo-Q

  2. how they fake an interview.. https://www.youtube.com/watch?v=udDYYxxhEjo

    • x Treter1 day ago
      i dont think the interview is fake just based on what jullian assange says in the video, his character and personality match previous interviews. Also, what would they gain in faking the interview when he is claiming the russians unequivically did not provide the information to wikileaks.

  3. Does anybody know? Is Bitcoin controllable? I ask due to the global move to digital currency.

    • yes, if one entity control the majority of nodes. also, the blockchain will grow to a huge size and eventually only big players will be able to participate. in a sense, it has centralization built in, while being promoted as totally decentralized.

      (that doesnt mean you shouldnt have a coin or two though!)

      • Like the stock market. Who owns the majority of stock controls not only the corporation but even the stock market. Like the value of hard currency it seems.

        So bitcoin has been laying the seeds for one digital currency. A global basket to be pegged; if, there is still a diverse array of national digital currencies (dc). If there are national dc it will be more nominal. The trading will be more fluid (just 1’s and 0’s on all sides).

        At this point, with different digital currencies (dc) the only difference might be the market where the trading of different dc is exchanged. There will end up being a standard value determined by the most valued dc. That will be the global dc peg. Bitcoin has a head start in that regard.

        Bitcoin sounds more like stock and gold. Dollars saved in the past received interest returns, but dc, like bitcoin, has more of rise or fall due to value like gold or oil or stock.

        I am assuming based on the little I know; so, I definitely might have some wrong. What do you say xxx? Is that how it seems to be shaping for dc exchange?

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