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

[bamboylee]

it can only if Trump goes ahead and publicly and positively starts supporting bitcoin! then yeah you can say because he was elected president bitcoin price will go to $1000

but which politician or government you know who supports bitcoin and gives up on their own fiat?

None would ever do that, only those who who have a much broader view of bitcoin and all the technological innovation it's brought along. Seems like the Chinese have a much progressive take on bitcoin.

Yeah, we cannot expect that much from trump or the us government. We should watch more on how the chinese government will take bitcoin. They will have more positive effect to bitcoin.

[alyssa85]

It all depends on whether the Fed raises interest rates in December.

If they do, bitcoin's price will stall against the dollar. If they hold off, bitcoin might rise.

[Frank Alister]

I think it's possible to happen. After his election bitcoin rise up and many people started talk about it. If Clinton was elected she will follow the foot steps of Obama and she won't support it.

[alyssa85]

I think it's possible to happen. After his election bitcoin rise up and many people started talk about it.

Both bitcoin and gold rose after his election - and then both sort of subsided.

He won't get inaugurated till January 20th for a start, and that is more than two months away. After that, it depends entirely on the strength of the dollar. If the dollar is strong, bitcoin will rise, if it weakens it will fall.

[Kidmat]

it can only if Trump goes ahead and publicly and positively starts supporting bitcoin! then yeah you can say because he was elected president bitcoin price will go to $1000

but which politician or government you know who supports bitcoin and gives up on their own fiat?

None would ever do that, only those who who have a much broader view of bitcoin and all the technological innovation it's brought along. Seems like the Chinese have a much progressive take on bitcoin.

Yeah, we cannot expect that much from trump or the us government. We should watch more on how the chinese government will take bitcoin. They will have more positive effect to bitcoin.

That is right. There will be no fundamental changes in the US. There will be no tax cut as the cost is too high.

[mindrust]

The pump was so weak when he won the elections, Trump hype is over. Nor gold, nor bitcoin have reached to the moon because of Trump and it will never happen. Bitcoin only rose 20$ when Trump took the lead in the numbers. Gold rose only 50$. I believe it will reach 1000$ one day but it won't happen because of Trump.

[alyssa85]

People will only shift to bitcoin if they are afraid. But there is nothing much to be afraid of in the United States. The transition is going smoothly because both sides are determined it will be smooth. There is no challenge to the result, there is no instability. No-one will be seizing people's savings and it is likely that interest rates will rise.

All point to a rising dollar.

[Shiroslullaby]

Stock markets are actually doing much better than predicted, so I don't think there will be a huge influx of dollars into Bitcoin.
Price may rise to $1000 eventually but there won't be any kind of spike unless there is some huge announcement.
If the stock market stays stable and Trump is actually able to reduce the national debt, the dollar could actually become stronger.

[The Sceptical Chymist]

It's days like this when I wish the ocean was warm enough to swim to Mexico.  Or Granada.  We got a little bitcoin pump, probably due to THE KNUCKLEHEAD winning, but I doubt it's sustainable.  The stock market got a big pop, too, but traders don't have any clue what's coming.  It's gonna be Nazi Germany circa 1940 all over again.  Fuck Trump.

[alyssa85]

Stock markets are actually doing much better than predicted, so I don't think there will be a huge influx of dollars into Bitcoin.

The original movement into bitcoin happened because of events in Europe (Cyprus in 2013) and events in Europe remain the best hope for bitcoiners. The United States is too diverse and hence too self-regulating and stable to be a source of demand for bitcoin, no matter who is president.

[Dassi]

I think it's possible to happen. After his election bitcoin rise up and many people started talk about it. If Clinton was elected she will follow the foot steps of Obama and she won't support it.

Despite the fact that Obama did not support bitcoin, it still thrived. Which goes to show that presidents don't have that strong an impact on crypto.

[Leonard2016]

I think it's possible to happen. After his election bitcoin rise up and many people started talk about it. If Clinton was elected she will follow the foot steps of Obama and she won't support it.

Despite the fact that Obama did not support bitcoin, it still thrived. Which goes to show that presidents don't have that strong an impact on crypto.

very good point.
also i want to add that we are already on the way up to $1000 price and all these things like Trump, Brexit and other political stuff are only helping the rise to get there with a smooth transaction.

[tee-rex]

Despite the fact that Obama did not support bitcoin, it still thrived. Which goes to show that presidents don't have that strong an impact on crypto.

He may not have supported Bitcoin, but at least he wasn't meddling with it either. Let's be honest, this doesn't tell us anything about what his actions might have been and what impact they might have had if he had been openly hostile toward it.

It's days like this when I wish the ocean was warm enough to swim to Mexico.  Or Granada.  We got a little bitcoin pump, probably due to THE KNUCKLEHEAD winning, but I doubt it's sustainable.  The stock market got a big pop, too, but traders don't have any clue what's coming.  It's gonna be Nazi Germany circa 1940 all over again.  Fuck Trump.

Trump is the opposite of Hitler. Their outward similarity of being showmen has nothing to do with their inner workings. Hitler was a fanatic of a rare kind, Trump is a rascal and swindler without doubt, which unmistakably shows through, but he is in no case a zealot or committed extremist.

[Raimonn]

I don't expect that price of bitcoin rises to 1000$ only because Trump election, it will depend on its decisions on international commerce, and monetary decisions that could affect the $ and other currencies, we will need to wait some months before to see witch effect has on bitcoin price.

[ivanst776]

Since the Trump has become president of U.S the dollar value has been dropped a little bit and I think that traders are afraid that the dollar value/stock will drop more.

I hope that with Trump as president the crypto world will be more expandable and people will know what bitcoin is when they see the bitcoin logo.

About the price, we should hope that it will grow gradually and not pumping like the list time at 1.2k and then dump immediately.

[wheelz1200]

I dont think it will affect it either way.  Mass adoption will be the main driver, things like elctions that cause a price rise is not sustainable.  If you are talking pumps/dumps, etc maybe but im more concerned with long term growth which doesnt have anything to do with mass adoption/growth.  My 2 satoshis

[tee-rex]

I dont think it will affect it either way.  Mass adoption will be the main driver, things like elctions that cause a price rise is not sustainable.  If you are talking pumps/dumps, etc maybe but im more concerned with long term growth which doesnt have anything to do with mass adoption/growth.  My 2 satoshis

Elections themselves as well as their immediate outcome may have little-to-no effect on Bitcoin price, but the economic policies of a new government will obviously have a grave impact on the economy for the simple reason that such policies specifically aim to change the economic environment in the country. And this may already directly hit Bitcoin adoption by the masses.

[Fortify]

I think bitcoin has already shot up in price over the last year - so you've got to be happy with the price increase already. Trump said alot of divisive things to get elected and he has already gone back on some of the policies that he ran his campaign on. He may have had the loudest voice, but I don't think he's going to change very much at all.

[Ocytrem]

No this will not happen because of the fact that Trump is becoming the president of the united states, I do not believe in that at all to be honest!!

[KennyR]

Trump had made numerous teams to make US better than ever. After he gets sworn as the president by the upcoming year start lot changes can be felt over the entire world because US has connection with every country directly or indirectly. Price recently decreased and now once again small variations were taking place.