'Investors went long bitcoin in case of a Trump victory and a corresponding sell-off in the equity markets'
Bitcoin’s price went up over $30 last night as it became clear that Donald Trump would be elected as the next president of the United States. It’s a result the markets hadn’t expected, and the markets don’t like surprises. “Last night, Dow futures plummeted,” Perianne Boring, founder and president of the Chamber of Digital Commerce, wrote the Observer in an email, referring to markets for instruments based on upcoming prices in the market, which can be traded when markets are closed. They dropped as much as 750 points. “In the first hour of trading today, the market is experiencing significant index swings, but seems to be leveling off.”
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http://observer.com/2016/11/bitcoin-election-night/
