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Title: [2016-07-04]Report: Bitcoin Transactions to Hit $92b This Year Post by: BTCBinary on July 04, 2016, 09:42:38 PM Report: Bitcoin Transactions to Hit $92b This Year
But the biggest trump card - pun intended - is the potential presidency of Donald Trump. If he were to become President of the US, there is a big chance for global market turmoil. In fact, his Presidency is a Top 10 Global Risk, just to give people an idea of how bad that outcome would be... http://www.newsbtc.com/2016/07/04/report-bitcoin-transactions-hit-92b-year/ Title: Re: [2016-07-04]Report: Bitcoin Transactions to Hit $92b This Year Post by: yayayo on July 04, 2016, 11:21:01 PM But the biggest trump card - pun intended - is the potential presidency of Donald Trump. If he were to become President of the US, there is a big chance for global market turmoil. In fact, his Presidency is a Top 10 Global Risk, just to give people an idea of how bad that outcome would be... In my view this is total nonsense. The notion that a Trump presidency would lead to global market turmoil is based solely on wishful thinking by his opponents and is used as scare tactic against his potential voters. I think there will be no difference in market reaction between Clinton or Trump winning at all. Also, a market turmoil would require that something unforeseen happens. That is not very likely for a presidential election with a vast amount of polling data before the actual decision. Another question is, if Bitcoin would be even used as a safe haven asset for capital flight during a market turmoil at all. That theory was widely circulated in connection with the Brexit, however no real proof was ever given. Of course Bitcoin attracts investment due to its non-inflationary properties. But it's possible that this effect is rather a continuous process than a sudden event. ya.ya.yo! |