Will bitcoin's price rise above $1000 because Trump was elected president?

[BTCC_Official]

[~Bitcoin~]

As most have speculated that Trump will support bitcoin and may loose the regulation and restrictions regarding bitcoin in America. Obama used to think bitcoin as criminal currency which was completely wrong description and now Trump may start supporting bitcoin which will sure boost the price of bitcoin, we may see $800 by time we see official result and confirmation about Trump being next president. Price have already reacted and reached around $750.  

[carlfebz2]

As most have speculated that Trump will support bitcoin and may loose the regulation and restrictions regarding bitcoin in America. Obama used to think bitcoin as criminal currency which was completely wrong description and now Trump may start supporting bitcoin which will sure boost the price of bitcoin, we may see $800 by time we see official result and confirmation about Trump being next president. Price have already reacted and reached around $750.  

I agree on this  one , if  trump would  win  on  the current  presidential elections   and he  intend to  support bitcoin then  for sure we could really expect the bitcoins  price would  boost  up  even  more because adoption would  surely arises and  that's  a good thing   for  bitcoin  but as of now  we still don't  know the results  on which  one  would really win,  I agree with you  bitcoins price Is  now  on  uptrend.

[NeuroticFish]

Bitcoin price has started to grow and may grow more. Same happens with gold.
I expect this to be only a speculation bubble, but it may still grow more. 1000$ is a bit too big, but you never know. 850-900$ sounds more like it though.
When the bubble will pop, I can't tell...

And I really like that cap in the picture

[g3rszpi]

On the question of OP: Probably no. The impact of the election will be negligible on long term. Bitcoin price is rising atm because many traders probably cashed out from stocks and invested in BTC since its a great "loophole" for now, because most of the international stocks are crashing.

[deadsilent]

I think Trump can do that. He is a businessman so i guess business world will get a boost including the price of bitcoin. We dont know what will happen to bitcoin yet until Trump elected as president. But i hope this is a good a news to us. Trump is little bit ahead from Clinton so i guess Trump is gonna win this election.

[rosablu]

Trump would do anything to try and boost US economy and therefore I think he will support btc as it an outsider to the establishment, just like him. btc could be his ace in the hole

[Harlot]

It is all just speculation for know, even if he really said he will support Bitcoin it doesn't mean it will come true, also one country's government won't affect the price of bitcoin in a big way, And if you notice in the recent weeks Bitcoin's price is gradually going up and I think it is just a mere coincidence that Trump won the U.S. Elections we must now monitor our Assets closely in the coming days.

[Herbert2020]

is the election over or is because of the initial number of votes?

anyways i believe that when election is over there will be some rise in price, and this is what we are already seeing with today's rise but i doubt that price can go up to $1000 just because Trump won the election, not unless he as his first order of business announces support for bitcoin or announce bitcoin as an official money!

[RocketSingh]

is the election over or is because of the initial number of votes?

Election over. Trump won.

https://www.google.co.in/search?q=us+election

[TastyChillySauce00]

With the falling the value of dollar, btc still increases but I think it is an another bubble after all, this is just an extreme movement of excited people of bitcoin. Waters will be settled down when this has become normal.

it's indeed the dollar is now about to fall because of trump's effect and it could make bitcoin's price even higher because some people may saving their wealth in form of bitcoin to avoid the falling value of dollar however if trump could make a suprising move which give good affect then they will restore the dollar's value

[jacafbiz]

With or Without Trump victory Bitcoin will hit $1000, though Trump victory could accelerate it, this all depends on him implementing those policies that could catalyse this rise

[tee-rex]

It is all just speculation for know, even if he really said he will support Bitcoin it doesn't mean it will come true, also one country's government won't affect the price of bitcoin in a big way, And if you notice in the recent weeks Bitcoin's price is gradually going up and I think it is just a mere coincidence that Trump won the U.S. Elections we must now monitor our Assets closely in the coming days.

In my view, it is perfectly fine if he will just stay away from meddling with Bitcoin in any way. Besides, Bitcon price hasn't been gradually going up recently, we already heard rumors of Chinese authorities establishing Bitcoin capital flow controls, which dragged the price down a few percent. And if some government is going to affect the price of Bitcoin big time, it will be the Chinese government for sure.

[amacar2]

It was quite surprising to see Trump wining the election, everyone have speculated clinton will win for sure and i am feeling quite sorry to those who have betted all their money into clinton wining for small odds. Failed to book profit betting on Trump...

We may have to wait for Trump statement regarding bitcoin regulation, limitation to see another boom in bitcoin price.

[PHPSELLER]

I would say that there is no doubt about it.

It's only a matter of when... not if!

[BitHodler]

Just no. If the price happens to go to that level (at whatever time frame), then it will more or less be for the exact same reason as the price has always gone up.

It's a combination of hype, speculation, good sentiment, maybe some sort of actual demand, and the list goes on...

Either way, it's the Chinese pumper team that will be leading us to whatever price level they seem to be happy with.

It has always been like that. We can only follow their path, and feed ourself with the crumbs that they leave for us to pick up.

[U2]

It seems like a lot of people are terrified that he's the president so yes I'd assume people will be looking to get their portfolio out of USD.

[bitbunnny]

This has nothing to do with Bitcoin price. There will be effects on US dollar but not Bitcoin. And Trump himself will do nothing about the Bitcoin itself.
Since Bitcoin is decentralized and independent from governments politics just don't have that big impact on it. So, the current price has nothing to do with elections.

[FruitsBasket]

It is not directly dependant on the governement or the elections, however I think it has inlfuence on the bitcoin price and gold price. Both went up after seeing Donald Trump win the elections. I think we can reach 1000$ before the end of the year

[addicto]

With or Without Trump victory Bitcoin will hit $1000, though Trump victory could accelerate it, this all depends on him implementing those policies that could catalyse this rise

That is true bitcoin is more stronger and will remain like without any politics. That is why I'm also agreed this will cross $1000 very soon. Maybe before end of this year.