Bitcoin Rises as Trump’s Actions Increases Uncertainty
In a surprising and sudden move, Trump has signed an executive order that enacts a complete ban of entry into America from citizens of seven countries: Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen. Except for Iran, most of them are or have recently been war zones with three of the countries – Iran, Sudan and Syria – already on the US State Sponsors of Terrorism list. Restrictions were expected as he promised them during his campaign, but the indiscriminate nature of the ban, combined with its initial application to green card holders, raised questions regarding Trump’s commitment to....
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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....
Bitcoin could soon come to the rescue of millions of Mexicans if the Trump administration’s proposed crackdown on remittances becomes law. Digital currency exchanges in Mexico are thriving and ever-increasing trade is being witnessed. As early as May, the President-Elect’s campaign signaled its intention to stop more than six mln undocumented Mexicans in the U.S. from sending money home. Informal economy for remittances. The remittance funds kept in the U.S., as Bloomberg points out, would be tantamount to making Mexico pay for Trump’s long-touted border wall. “I would risk stuffing money....
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 holds its ground as Trump’s tariffs put investors on the back foot and projects like $ETH, $DOGE, and BTC Bull Token, that are directly connected to $BTC’s success, may capitalize on it. Despite the White House’s positive outlook on the crypto market, which culminated with Trump’s Bitcoin Reserve earlier this month, the February 1st, […]