Bitcoin News: The Future of Bitcoin
A Saxo Bank says that the spending of a Donald Trump presidency could cause the price of Bitcoin to hit $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 jump through the roof, forcing the federal reserve to accelerate its hikes and the USD dollar to soar, creating a domino effect in emerging markets and forcing people worldwide to look towards alternative forms of currencies and payment systems not tied to central banks.
Bitcoin News: The Reality
I just want to clarify a little bit for those who may be unfamiliar with how bitcoin works. It’s not like some things affect bitcoin and others don’t. Everything effects the price of bitcoin. It’s simply supply and demand. Speculations as to such a dramatic increase in Bitcoin due to a Trump Presidency come from the fears of his unpredictability.
So, People will put more stock into things like Bitcoin too keep the value of their money secure. One thing that dramatically effected the price of Bitcoin was Brexit. Realistically though, Every little thing affects Bitcoin. While some speculate the Price of Bitcoin will reach $2000 by next year, I think that it is just unfounded panic. Though, I could be completely wrong. It wouldn’t be the first time.
Bitcoin News: Conclusion
in all, while Bitcoin is still an incredible up and coming cryptocurrency, it’s still facing some challenges. Rightfully so, when you really think about it. Nothing like that has ever been introduced to the world. It’s something challenges of everything that we as a civilization have built. Check Our Reviews page for more insight into trusted companies. Check our site for other Financial Planning reviews. Its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there.