Will Bitcoin break $2000? because of Trump?

[Hazir]

Wait for it guys, you know that we never reached new ATH since 2013? And suddenly we want to almost double that? Based on what?
Trump having indirect effect on price of BTC is very far fetched assumption, so far in history of Bitcoin political events had very minor effect on BTC price.

[pitham1]

Bitcoin has really started this year off wild!
I was reading that it might hit $2000 by end of year, because of Trump’s ‘spending binge’ and dollar rally.

What do you guys think?

Anything which Trump does might not surprise the market. If the market is not surprised or shocked, then Bitcoin will not have a huge boost.
So the current price reflects all of Trump's actions and proposed actions.

[deisik]

Bitcoin has really started this year off wild!
I was reading that it might hit $2000 by end of year, because of Trump’s ‘spending binge’ and dollar rally.

What do you guys think?

Anything which Trump does might not surprise the market. If the market is not surprised or shocked, then Bitcoin will not have a huge boost.
So the current price reflects all of Trump's actions and proposed actions.

It may not get a powerful boost but it still may gain value little by little. And we have already seen that how it happened over a year ago (starting in early September, 2015) when Bitcoin price had started to rise gradually step by step. Coincidence or not, this rise is well correlated with the Chinese authorities slowly but surely devaluing Renminbi. Now Trump comes out and says that the dollar is too expensive. What if he starts another round of quantitative easing squared? I guess the dollar depreciation will be more sharp and less gradual than that of the Chinese Yuan, and the effect of it on Bitcoin and its price will be by far more pronounced...

The markets can't possibly front-run dollar inflation until it really comes about

[Kprawn]

Trump is concentrating on recovering or strengthening the American economy, so we might see a much stronger Dollar in the coming years.

He is also not very fond of the Chinese and the Mexicans, so you might see less currency going over the border to Mexico. If the Mexicans

use Bitcoin to bypass or circumvent the US Capital controls, then we might see more regulation in the USA to control this. All this will

influence Bitcoin negatively. 

[bamboylee]

Bitcoin will reach 2000$ with or without Trump. There are too many good things happening for bitcoin right now that you cannot attribute the price increase into one person alone. Maybe Trump can help boost the price but he cannot bring it close to 2000 alone. If ETF gets approved, it will help. If segwit gets activated, it may help again.

[Bitcoinsummoner]

I think for now its impossible that the price of bitcoin can break $2000 value because of trump..
Even here in my country many people are  protest about trump it can not affect the value of bitcoin and push the price to high..
Trump has no connection with bitcoin and bitcoin still anonymous and not connected in governments..

[deisik]

Trump is concentrating on recovering or strengthening the American economy, so we might see a much stronger Dollar in the coming years

What makes you think that a stronger dollar necessarily means a stronger American economy?

Trump was quite unambiguous about his plans to weaken the US dollar. In fact, he already sent the dollar spiraling down a little when he told in his WSJ interview last Friday that the dollar had been "too strong". I don't know how that can be possibly misconstrued toward "a much stronger dollar". If Trump is actually going to "make America great again", he should first make American goods competitive in the world markets, but the only American good that was competitive as of late was the American dollar itself

[digitokash]

Trump is concentrating on recovering or strengthening the American economy, so we might see a much stronger Dollar in the coming years.

He is also not very fond of the Chinese and the Mexicans, so you might see less currency going over the border to Mexico. If the Mexicans

use Bitcoin to bypass or circumvent the US Capital controls, then we might see more regulation in the USA to control this. All this will

influence Bitcoin negatively. 

-lets hope this is not the case.
Now that he's president hopefully he will play nice... lol

[d5000]

2000 are possible but only as a result of a bubble, e.g. if we break the old ATH and short-term investors drive up the price for TA reasons or simply "to ride the wave". But as I have outlined many times here, Bitcoin has still too many problems (scalability, user friendliness) to be able to attract the masses. (If LN and SegWit are enabled, we can slowly think about that).

A Trump action _could_ be the reason for such a bubble. But I consider it unlikely. See the answer of Kprawn. For example: if he imposes a high tax for remittances and foreign workers start to use BTC massively (e.g. to send money to Mexico) then it is likely that he will try to impede this by stricter regulations for Bitcoin and other cryptocurrencies, and that would affect the Bitcoin economy as a whole because the US is still the country with the strongest adoption (China is only second or third, along with Germany).

[Shiroslullaby]

Well, Trump is officially president and the price of Bitcoin hasn't moved.
Lets give it a few days to see if he says anything to wake the sleeping Dragon, but my prediction is that the price remains unaffected.

[ImHash]

Since no government can control bitcoin and it's market as well it's distribution, considering that literally anyone can have bitcoins without them knowing about who he/she is I really doubt any government's officials in any of the powerful countries do anything to boost bitcoin and they will do the opposite trying to undermine the credibility and paint it as something that people should avoid put their trust in.

Bitcoin might have fluctuate hard in both ways but the steady growth in popularity, adoption and value is something more visible especially since last year.

[Wind_FURY]

Trump is concentrating on recovering or strengthening the American economy, so we might see a much stronger Dollar in the coming years.

He is also not very fond of the Chinese and the Mexicans, so you might see less currency going over the border to Mexico. If the Mexicans

use Bitcoin to bypass or circumvent the US Capital controls, then we might see more regulation in the USA to control this. All this will

influence Bitcoin negatively. 

This is where we disagree with each other. The more financial regulations there are the higher the opportunity for Bitcoin to go up in demand and effectively in price. Add the ongoing fight against illegal drugs and you have another indirect subsidy created for Bitcoin. Bitcoin can transcend man made laws and follow its own mathematical laws. The only thing the US government can do is stop the payment processors dealing with Bitcoin but not Bitcoin itself.

[Bitcoin0916]

I think the inauguration of Trump for president will not bring any impact. We all know that Trump never said anything about bitcoin and cryptocurrency during the campaign. Nevertheless, I hope trump will give positive impacts for bitcoin and the world economy.

[RoommateAgreement]

if we continue hyping this event more and mroe, then i am sure it will increase the price because of it. because it has been proven that in bitcoin whenever you hype some event a lot it will affect bitcoin price, such as India, Cyprus, .... buying bitcoin and also such as China, Russin,... banning bitcoin.
these news are small and irrelevant either to rise or to fall, but when they are hyped they become effective.

but the effect will always be small.

[deisik]

A Trump action _could_ be the reason for such a bubble. But I consider it unlikely. See the answer of Kprawn. For example: if he imposes a high tax for remittances and foreign workers start to use BTC massively (e.g. to send money to Mexico) then it is likely that he will try to impede this by stricter regulations for Bitcoin and other cryptocurrencies, and that would affect the Bitcoin economy as a whole because the US is still the country with the strongest adoption (China is only second or third, along with Germany)

And what could he do in practice?

Let's assume that he does actually impose high taxes on international money transfers (which would be a suspicious act in its own right, but it is Trump, after all), and folks start sending money through Bitcoin. You should understand that the receiving end would likely not be very friendly and cooperative overall toward these actions for obvious reasons. So he would have one end loose, and what could he possibly do, ban Bitcoin altogether? But these people as obviously don't give a fuck about Trump specifically and the US laws in general as long as neither are able to corner them

[cpfreeplz]

If Trump does a spending binge, all that will happen is that the Federal reserve will raise interest rates. Rising interest rates will strengthen the dollar against all currencies and against gold and bitcoin.

Bottom line is that Americans still trust the greenback.

Sad but true. No matter what there will always be a government entity that tries to manipulate the market. All the more reason to get heavily invested into bitcoins!

[BlackPanda]

some time to come will definitely be affected by the impact felt. honest inauguration as president of the American trump this time would have an impact on price movements bitcoin. bitcoin prices seen rising even than before.

[alyssa85]

Trump was quite unambiguous about his plans to weaken the US dollar. In fact, he already sent the dollar spiraling down a little when he told in his WSJ interview last Friday that the dollar had been "too strong". I don't know how that can be possibly misconstrued toward "a much stronger dollar". If Trump is actually going to "make America great again", he should first make American goods competitive in the world markets, but the only American good that was competitive as of late was the American dollar itself

It is not up to Trump though, is it. The Federal Reserve is independent and reports to Congress not the President. Nothing is going to stop them from raising interest rates - if anyone questions them they will use the magic words "we see inflation building" and Congress will roll over and let them raise interest rates.

If American interest rates rise but rates in the rest of the world don't, then the dollar will strengthen.

[EatonABooger]

I am going to predict that "yes" we will easily go over 2000.   
I say that because I feel that the SEC will approve the COIN ETF - and if that happens, then we will see a huge step function in the value of BTC.

I really do not have have facts to support that the ETF will be approved, just an optimistic "good feeling" that it will.  We will know in the next couple of months. 

[deisik]

Trump was quite unambiguous about his plans to weaken the US dollar. In fact, he already sent the dollar spiraling down a little when he told in his WSJ interview last Friday that the dollar had been "too strong". I don't know how that can be possibly misconstrued toward "a much stronger dollar". If Trump is actually going to "make America great again", he should first make American goods competitive in the world markets, but the only American good that was competitive as of late was the American dollar itself

It is not up to Trump though, is it The Federal Reserve is independent and reports to Congress not the President. Nothing is going to stop them from raising interest rates - if anyone questions them they will use the magic words "we see inflation building" and Congress will roll over and let them raise interest rates.

If American interest rates rise but rates in the rest of the world don't, then the dollar will strengthen.

Obviously, you are pretty much wrong on this

The chair of the Fed is chosen by the President of the US, so in practice the latter does have control over the Fed. Trump will evidently appoint his man to this post. Presently, this office is taken by Janet Yellen, and she was not appointed by Trump. Therefore, she may indeed choose to silently ignore his decisions (and many in Washington seem to be going to sabotage his orders anyway), but her term ends in a year, in February 2018. Further, the majority of seats in Congress (both houses of it) right now belongs to the Republicans and Trump is one of them. Ultimately, Trump as a genuine demagogue may appeal directly to the nation, and then Congress will have tough time explaining their objections to simple guys from Texas and Nebraska if its members choose to dispute his will (of making America great again or something to that tune)