Trump Presidential Victory Could Change Financial Services
Republican presidential nominee Donald J. Trump may have shocked the world after the American people elected him as the 45th U.S. President, but financial service companies now face an uncertain future, according to a report from the American Banker. Just like the Brexit vote back in June, Trump’s surprise victory has left many financial observers unprepared for an outcome that many didn’t think would be possible. However, in 100 days, president-elect Trump will become America’s next president, which means that financial service companies must embrace Trump’s deregulatory views. Not only....
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As the US Presidential poll count began earlier today, bitcoin price has made steady increasing gains as investors flocked toward the cryptocurrency in a day that saw the most improbable victory in modern political history. As polling in the eastern states in the US came to a close, bitcoin price stood at $706.36 at 02:00 UTC on the Bitstamp Price Index (BPI). The overwhelming narrative that heavily favored victory for Democratic nominee Hillary Clinton in recent months quickly began to fall apart as polling numbers came in, with Florida and Ohio, two key swing states, won by Trump to gain....
Holding on to fit currencies, including the Pound Sterling or US Dollar, is not the best course of action right now. Donald Trump winning the 2016 US Presidential elections has many different consequences. As some experts predicted, the victory is positive for Bitcoin adoption growth. Blockchain.info, one of the largest wallet providers in cryptocurrency, has noted significant growth over the past week. In fact, November 2016 is the biggest month in the company’s history to date. Americans are still semi-upset about the Donald Trump victory. Mainstream media continues to be dominated by....
Bitcoin prices have steadily risen since the counting of votes in the US presidential race began, climbing more than 3 percent as Republican Donald Trump appears close to pulling off an electoral upset. The price of bitcoin is hovering around $737 after rising from a low of $709 when polls in the Eastern US began to close, according to the CoinDesk USD Bitcoin Price Index. CNY markets are up 2.4%, reaching ¥4,959.11 at press time. Polls prior to the vote on Tuesday pointed to a likely win for Democrat Hillary Clinton. But with the results rolling in, Trump's chances for success have grown.....
The results are in, and Americans are shocked by a Donald Trump upset victory over Hillary Clinton in the 2016 presidential election. Bitcoin markets reacted to the victory as well, the price rising as much as $30 to renewed highs of $730. In the midst of all the hype and hoopla, one thing appears to be certain: bitcoin is benefiting from Trump’s victory. The price of everyone’s favorite digital currency spiked an additional three percent yesterday following the former reality star’s win in Washington. At press time, the bitcoin price stands around $717. That’s an increase of eight dollars....
The Bitcoin price is seeing the biggest gains of any financial instrument right now. If there is one positive thing to take away from the US Presidential elections, it is the increased bitcoin price. No matter who won, the Bitcoin price was poised to go up as a result. Stock markets around the world have gone in the red already, despite showing signs of recovery. As Americans let themselves get Trumped, Bitcoin users are watching events unfold with a smile on their faces. Financial turmoil is daily news these days, and things only get worse over time. The 2016 US Presidential elections....