[2016-11-02] Bitcoin Eyes $13 Billion Market Cap; The Trump and Hillary Effect

[tyz]

Bitcoin Eyes $13 Billion Market Cap; The Trump and Hillary Effect

Bitcoin price received a much-needed boost in the recent days due to renewed interest in the digital currency among Chinese investors. Recent reports have indicated high chances of continued capital outflow from China, which is increasing year on year. As the Chinese population continues to look for alternate modes of investment and fund transfer that can overcome strict capital controls, Bitcoin presents itself as an ideal solution.

http://www.newsbtc.com/2016/11/02/bitcoin-price-eyes-13-billion-market-cap-the-trump-and-hillary-effect/

[Karartma1]

This article should be put offline: we're undergoing a big dump now and $13B is very far to reach right now. Sometimes the press should just shut up

[Kprawn]

No matter who wins between Donald Trump and Hillary Clinton..... The USA will have to over regulate Bitcoin to satisfy their appetite for

financial control. A Trump Victory will create uncertainty and Hillary Clinton will retain the Status Quo... so nothing will dramatically alter the

Bitcoin status. The USA is turning into a giant Police State... and Bitcoin cannot change that, no matter who wins. Banning Bitcoin would be

the worst case scenario... and this will seriously affect job opportunities and hamper innovation. 

[Goms]

Even if U.S decides to ban bitcoins, it's only in one country not the entire world. The price of bitcoin might falter for a while but it will rise back up.

[aso118]

Bitcoin Eyes $13 Billion Market Cap; The Trump and Hillary Effect

Bitcoin price received a much-needed boost in the recent days due to renewed interest in the digital currency among Chinese investors. Recent reports have indicated high chances of continued capital outflow from China, which is increasing year on year. As the Chinese population continues to look for alternate modes of investment and fund transfer that can overcome strict capital controls, Bitcoin presents itself as an ideal solution.

http://www.newsbtc.com/2016/11/02/bitcoin-price-eyes-13-billion-market-cap-the-trump-and-hillary-effect/

Did we even manage to reach $12 Bn? Before we did, all hell broke loose on the Chinese news, and the big dump happened.
This article was way too speculative. 

[knowsruf]

Bitcoin Eyes $13 Billion Market Cap; The Trump and Hillary Effect

Bitcoin price received a much-needed boost in the recent days due to renewed interest in the digital currency among Chinese investors. Recent reports have indicated high chances of continued capital outflow from China, which is increasing year on year. As the Chinese population continues to look for alternate modes of investment and fund transfer that can overcome strict capital controls, Bitcoin presents itself as an ideal solution.

http://www.newsbtc.com/2016/11/02/bitcoin-price-eyes-13-billion-market-cap-the-trump-and-hillary-effect/

How does this add up to profitability? Can someone please explain?