Bitcoin’s (Donald) Trump Card

Bitcoin’s trump card may be Donald Trump.

Yes, this is a very real story based on an actual Juniper Research study that gives some insight into what a Trump presidency could do for bitcoin’s prices.

“If Donald Trump becomes president of the U.S., there is the very real prospect of turmoil on world markets — the Economist Intelligence Unit ranks his presidency within the top 10 global risks. However, bitcoin trading would thrive in such an environment, at least until the impact on major fiat currencies becomes clear,” wrote Dr. Windsor Holden, head of forecasting and consultancy at Juniper Research.

To put the concept of economic crisis and its impact into crisis, Brexit also appeared to be a good thing for bitcoin, price-wise, as the price of bitcoin saw a nice little jump following the news that the U.K. residents voted to leave the EU.

Juniper’s study, titled “Will Bitcoin’s Bite Back,” also projects bitcoin’s total transaction

Read more ... source: TheBitcoinNews