Donald Trump Presidency Could Drive Price of Bitcoin High

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Donald Trump is one some-more reason investors competence wish to take another demeanour during Bitcoin.

A recent report from Juniper Research predicts that a transaction volume for Bitcoin will some-more than triple in 2016, due in partial to a awaiting of a turmoil-inducing Trump presidency. The U.K.-based marketplace comprehension and research organisation believes exchange of a cryptocurrency will strech $92 billion in 2016, adult from reduction than $27 billion in 2015.

The cost of Bitcoin has climbed some-more than 50% already this year, opening Friday labelled during $659.64, according to a Coindesk cost index. The cost of a Bitcoin Investment Trust (GBTC) , that marks Bitcoin, has soared by scarcely 150% to $118.25.

The unreserved Republican hopeful has affianced to get tough on trade with China and Mexico, renegotiating agreements, commanding tariffs and holding other assertive actions towards a country. He has also pronounced he would clamp down on remittances in an bid to force Mexico to compensate for his wall during a border. Such a scheme could pull those wanting to send income divided from companies like Western Union (WU) and Moneygram (MGI) and instead toward Bitcoin.

Global events, including a U.K’s Brexit opinion and the

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