Why Trump presidency may turn out beneficial for Bitcoin long term

[tee-rex]

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

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[Positid]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

[bitbunnny]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

I don't think this is connected to Trump beeing elected for president. Price already was on the way up so this would probably happen anyway. Because  I realy can't see how this two things are connected.
As far as campaign promises are in question, I think things would change and he will not do what he was saying. Campaign and real life are two opposite things.

[clickerz]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

Good observation here.They might buying bitcoin for the coming uncertainties in Trump administration or they are buying  bitcoin for they have trust Mr Trump But for me, whoever the American President,bitcoin may continue to grow, that is for sure.

[Kevin77]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

I don't think this is connected to Trump beeing elected for president. Price already was on the way up so this would probably happen anyway. Because  I realy can't see how this two things are connected.
As far as campaign promises are in question, I think things would change and he will not do what he was saying. Campaign and real life are two opposite things.

There must be some connections as Trump is known for different economic policies which may support alternate investments to flourish. Usually markets reacts to political changes, I believe today bitcoins prices up surged with a similar reason.

[pereira4]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

I don't think this is connected to Trump beeing elected for president. Price already was on the way up so this would probably happen anyway. Because  I realy can't see how this two things are connected.
As far as campaign promises are in question, I think things would change and he will not do what he was saying. Campaign and real life are two opposite things.

There must be some connections as Trump is known for different economic policies which may support alternate investments to flourish. Usually markets reacts to political changes, I believe today bitcoins prices up surged with a similar reason.

It obvious that the rise of Bitcoin that we have seen lately is due the fact that Donald Trump was finally elected as US president, as we saw exactly at the same time all the markets going down.

This is GREAT news for Bitcoin, since it is now consolidated as a robust safe haven against political uncertainty, and Trump will be 4 years of political uncertainty since he isn't part of the establishment.

[tyz]

The stock markets have recovered from the first shock, but now it is important which economic policy Trump really wants. If he does what he has announced, then this could lead to a recession in America and the world. He also wants to reduce the debt through reflation, which means a depreciation of the currency. This could be a breakthrough of Bitcoin and cryptocoins.

[South Park]

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Politicians around the world are known mostly for one thing, to not deliver on their campaign promises, that is a common theme  and I don't think Trump is going to be an exception that does not mean that some actions are not going to be taken but to think he will close the US markets to Chinese goods is too much.

[EdenHazard]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

I don't think this is connected to Trump beeing elected for president. Price already was on the way up so this would probably happen anyway. Because  I realy can't see how this two things are connected.
As far as campaign promises are in question, I think things would change and he will not do what he was saying. Campaign and real life are two opposite things.

There must be some connections as Trump is known for different economic policies which may support alternate investments to flourish. Usually markets reacts to political changes, I believe today bitcoins prices up surged with a similar reason.

a businessman turn to a president of biggest country and strongest economy in the world , of course there is must a connection and effect to bitcoin and other cryptocurrency as this is part of economic and business.

maybe not direct effect or direct policy from this new american president for bitcoin , as we may know china always related to bitcoin development and every single trump policy to china cooperation i am sure it will take effect to bitcoin.

[Shady]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

[cpfreeplz]

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

I don't think this is connected to Trump beeing elected for president. Price already was on the way up so this would probably happen anyway. Because  I realy can't see how this two things are connected.
As far as campaign promises are in question, I think things would change and he will not do what he was saying. Campaign and real life are two opposite things.

There must be some connections as Trump is known for different economic policies which may support alternate investments to flourish. Usually markets reacts to political changes, I believe today bitcoins prices up surged with a similar reason.

It obvious that the rise of Bitcoin that we have seen lately is due the fact that Donald Trump was finally elected as US president, as we saw exactly at the same time all the markets going down.

This is GREAT news for Bitcoin, since it is now consolidated as a robust safe haven against political uncertainty, and Trump will be 4 years of political uncertainty since he isn't part of the establishment.

That's exactly it. It's the four years of 'holy crap what are we going to do now. Tuck your head between your legs and kiss your ass goodbye' coming up. I could see a more steady longterm rise coming from Trump being voted in or a spike everytime he does something to 'shake it up'.

[Milkduds]

China is facing restrictions all over the world against their citizens in how they are stashing money outside the country.
Really not that sure how easy it is for people to get at bitcoin that are more rural but I plead ignorance as to how much they can afford to put in as well. So I am not to sure but China and Russia are always a hard egg to crack for me when it comes to anything.

[rizkyhiw]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

[hanzac]

I think the main reason is that Trump is a business and practical man. He seems to change the rules of current economy world, drive the economy live again, if economy becomes normal, bitcoin and the altcoins can be more popular.
Remember, the world is going to be decentralized and we don't like to be controlled by a small group of so-called elites.

[~Bitcoin~]

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and  may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.
 

[arseaboy]

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and  may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.
 

Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future.

[davis196]

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

If Trump closes the US markets for Chinese goods the prices in USA will increase in the short term.

Chinese goods are cheaper than American goods and the supply will decrease.

This will hit the China economy and maybe will hit bitcoin mining in China.

[icecube45]

A research conducted by the firm Juniper said that the price of bitcoin will increase rapidly this year when Donald Trump was elected president of the United States. Valuation value of bitcoin will increase three-fold from $ 27 billion to $ 92 billion.

The research says that if Trump became US president, this will lead to instability of world markets. The instability of the world market would cause prices to rise bitcoin.

[Zadicar]

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and  may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.
 

Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future.

Im waiting the same   thing too on what would be the steps  he will make  on next  100 days same as  you  mentioned . What would be the effects  on  bitcoins  price. I believe  that  trump  is  a  businessman   and for sure  he would  look  up into  bitcoin  but  its not  sure for now.

[tee-rex]

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

If Trump closes the US markets for Chinese goods the prices in USA will increase in the short term.

Chinese goods are cheaper than American goods and the supply will decrease.

This will hit the China economy and maybe will hit bitcoin mining in China.

Could you expand more on this? There is no doubt that China will be heavily hit by the US trade embargo, though we have yet to see how severe it will be and whether it will be imposed at all. Miners are basically depending on cheap electricity, and if aggregate production in China declines due to diminishing trade turnover between the US and China. The Chinese miners in fact may get an advantage since the electricity prices might go down thanks to less consumption of electricity be manufacturers and higher competition between energy suppliers.