Will Trump’s Presidency Spell Good News for Bitcoin?

BitsPlan

Will Bitcoin emerge as a winner in the United States following the election of Donald Trump as the 45th President of the United States? A significant number of US residents are not happy with the outcome of the recent elections which has created an uncertainty in the market, in turn, reducing the confidence among traders and investors. However, Bitcoin has emerged as a winner in this scenario.

Once reports of Trump’s win hit the media, Bitcoin saw a sudden surge in its prices. The positive effect of political scenario on Bitcoin was mainly due to the absence of correlation between the digital currency and conventional financial assets. In an interview with one of the leading business news and analysis portals, Christopher Burniske – the Blockchain Products Lead at ARK Invest had only positive things to say about the digital currency.

According to Christopher’s view, Trump has to apply his “for the people” message used during the presidential campaign to the digital currency sector as well. As Bitcoin is also designed for the people, he can encourage the cryptocurrency industry to come up with new innovations across multiple sectors.

Also, if Donald Trump puts his capital control plans

Read more ... source: TheBitcoinNews

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