Will Trump’s Presidency Spell Good News for Bitcoin?
The election of Donald Trump as the next president of the United States has evoked few mixed feelings among the population, but will he be good for Bitcoin? Will Bitcoin emerge as a winner in the United States following the election of Donald Trump as the 45th President of the United States? A significant number of US residents are not happy with the outcome of the recent elections which has created an uncertainty in the market, in turn, reducing the confidence among traders and investors. However, Bitcoin has emerged as a winner in this scenario. Once reports of Trump’s win hit the media,....
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Here are four reasons why we at Bitcoinist believe the Trump presidency can make Bitcoin even greater in the next four years. Making Bitcoin Even Greater. We at Bitcoinist believe the world’s most popular cryptocurrency is already great. Indeed, it has shown that it can weather any political storm. But what about the looming ‘Trumpocalypse’ that some political pundits have predicted? Judging by Trump’s actions and comments thus far: Bitcoin will not only survive, but will also become greater than ever. Here’s four reasons why… An Entourage of Bitcoin Supporters. Trump’s team includes some....
Bitcoin enthusiasts suggest the use of BitcoinCT r: 8 in settling remittances between the U.S and Mexico after Trump’s proposal to build a wall between the two countries will have been realised. On April 5, Billionaire real estate tycoon and Republican front runner Donald Trump unravelled his plans to compel Mexico pay US$5 to US$10 billion for the border wall between the United States and Mexico which Trump aims to build at the start of his presidency. One major issue which Mexico could face upon the creation of Trump’s border wall is a substantial damage to the country’s economy or gross....
The only asset to thrive in the aftermath of Trump’s win was Bitcoin, strengthening its status as the modern day safe haven. Donald Trump is definitely one of the most controversial and polarizing figures of our times. So much so, that his win in the elections had led to an air of uncertainty in the world economy causing it to stumble as a result. The only asset to thrive in the aftermath of Trump’s win was Bitcoin, strengthening its status as the modern day safe haven. January 20th 2017, marked the day of Donald J. Trump’s inauguration as the 45th president of the United States of....
Elon Musk, head of Tesla and SpaceX, joined President-elect Donald Trump’s team of Advisories, as did Uber CEO Travis Kalanick. Mr. Musk has made jaw-dropping comments on Bitcoin in the past. In an interview available on YouTube, Mr. Musk, who has been appointed to Trump’s Team of Advisories, describes his feelings on Bitcoin. “I think Bitcoin is probably a good thing. I think it’s primarily going to be a means of doing illegal transactions…But that’s not necessarily entirely bad. You know, some things maybe shouldn’t be illegal,” Mr. Musk, who said he did not own Bitcoin at the time,....
Kyle Bass, a hedge fund manager has predicted the value of Chinese yuan to fall by 30 percent, which may spell good news for the price of Bitcoin. Kyle Bass, a virtually unknown hedge fund manager who rose to fame after predicting the 2009 economic crisis has spoken again. According to one of the financial resource website, Kyle has predicted the Chinese legal tender, yuan to drop by about 30 percent. How accurate is his prediction? That is something only time can tell. If for some reason Kyle Bass’ predictions did indeed come true, then the free-falling yuan may spell some good news for....