Bitcoin Price Could Leap over $2000 in 2017, Thanks to Trump

Bitcoin Price Could Leap over $2000 in 2017, Thanks to Trump

A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.” Central banks may be about to give up on qualitative easing and negative interest rates, but they are far from being finished with intervention and distorting the allocation of capital and the price of money, according to Steen Jakobsen, CIO. This is not Saxo Bank’s official outlook for 2017, the company noted in the report, but the events....


Related News

Kim Dotcom Reiterates His Bitcoin Price Forecast, $2000 in 2 Years

Kim Dotcom, in his latest tweet, predicts the Bitcoin price to hit $2000 in the next two years after the launch of MegaUpload 2.0 and BitCache. Kim Dotcom, the internet entrepreneur has yet again reiterated his forecast for Bitcoin price in the coming days. In his latest tweet, Kim states that the launch of MegaUpload 2.0 and BitCache will soon ensure the price of Bitcoin to cross $2000 in the next two years. Kim Dotcom’s tweet comes as a reply to one of the Twitter user’s question, asking him whether he thinks the price of Bitcoin will rise because of MegaUpload 2.0 and BitCache. Kim has....

Bitcoin Year in Review: The Top 10 Bitcoin News Stories of 2016

2016 has been a very exciting year, typified by a near constant demand for bitcoin wallets, a near doubling of its global market price, and the Bitcoin halving this past summer. 2017 looks like it can be the Bitcoin’s best year ever, but before we put 2016 into the history books, let’s review where we’ve been this year before we step into Year Nine of the decentralized digital currency age. Feel free to use this as a Bitcoin historical reference for where the community has been, through the years. Here are the top ten most-viewed and shared stories of 2016, not according to us, but....

Bitcoin Can Rise to $2000 in January 2017

A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trump presidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives. It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy. This may cause inflation to....

Bitcoin Price $2000 Is Just Starter, Unless Compromise is Reached

As the price of Bitcoin is climbing slowly, a compromise may have to be reached in the face of the unfolding situation between a Donald Trump-led US and China for the earlier projected $2,000 price range for Bitcoin in 2017 not to be just a starter in months to come. A looming trade war between the two countries would favor Bitcoin. However, the extent to which the war would last will only be determined by which of the leaders of the two biggest economies in the world to back down first on their policy statements. Another considered scenario could be that the US would make efforts to....

Bitcoin price to reach 2000 USD by the end of February 2014

Bitcoin price to reach 2000 USD by the end of February? Look at the graph above. Just in a couple of days we have seen a massive buy of Bitcoins pushing the price up to more than 1000 USD on Mt. Gox. When I was checking the prices today, I did not expect them to be even higher than they was yesterday. Usually after a big run, they tend to fall sharply until they rise again. This does not seem to have happened. I wrote a post yesterday describing why the sudden increase in the Bitcoin price happened. Gordon Geeko followed up with a more comprehensive analysis. As I am looking at the....