Will Bitcoin break $2000? because of Trump?

[Ankara]

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. 

It really is not difficult to get currency of any kind across the boarder going either way to think it is, is being naive. There will be no using btc to circumvent controls as there is no need when you have the resources. It is actually a much better way of smuggling as we all know. Maybe in the future we will be blessed with the billions of drug money and see btc rocket. Remember this is decentralized and there is only so much that can be done to slow it down. More trouble than its worth. To answer you OP, no btc will not break 2k because of trump lol

[bajing]

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?

I dont think so, we need more support like if trump recommend for all businesses in the United States to use bitcoin maybe we can see bitcoin reach $2000 due the demand of bitcoin will increase.

[severaldetails]

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?

I dont think so, we need more support like if trump recommend for all businesses in the United States to use bitcoin maybe we can see bitcoin reach $2000 due the demand of bitcoin will increase.

Somehow I do not think Trump is going to do that.
He has this America first agenda. So I must assume he wants the Americans to use the US dollar as the chosen way of payment.
'Bire Americanand hire American', I thinke those were his words.

[Hazir]

I dont think so, we need more support like if trump recommend for all businesses in the United States to use bitcoin maybe we can see bitcoin reach $2000 due the demand of bitcoin will increase.

Give me 1 reason why Trump should say something about bitcoin, he would gain nothing by doing so, other than admitting that USD might not be the best currency around.
Also I don't believe that he would ever suggest something like: "use BTC folks, it's good!".
There is no doubt that Trump will be promoting american economy and dollar, spreading word about bitcoin is not part of his agenda at all.

[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.

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)

Monetary policy isn't decided by the Chairman of the Fed alone. All the regional Feds have a vote and the Regional Fed leaders are appointed by the states. There is no way that Trump can prevent the rising of interest rates. Not if there is a build up of inflationary pressure.

[poetra2501]

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?

I dont think so, we need more support like if trump recommend for all businesses in the United States to use bitcoin maybe we can see bitcoin reach $2000 due the demand of bitcoin will increase.

But unfortunately, Trump has no agenda to recommend bitcoin as a legitimate of payment in the USA.
If trump using Bitcoin in USA as official money like the Dollar, maybe bitcoin will rapidly increased.

[bravehearth0319]

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?

I believe bitcoin will hit 2000$ before end of this year, but not because of Trump why it will increase into 2k$ of bitcoin. But because of the community demands and biggest investors will go into Bitcoin this year.

[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)

Monetary policy isn't decided by the Chairman of the Fed alone. All the regional Feds have a vote and the Regional Fed leaders are appointed by the states. There is no way that Trump can prevent the rising of interest rates. Not if there is a build up of inflationary pressure.

This is all speculation mostly

Technically, Trump could usurp the power and become a dictator of sorts just like Bush Jr. pushed his agenda of Patriot Act which turned the US into a police state and which later became the Freedom Act (in the best Orwellian style). That seems implausible right now, but how plausible was Trump's victory in the first place? As to me, it basically depends on Trump personal qualities. If he is like Hitler (their manners are quite similar, just in case, and both are seasoned demagogs) he could try, for example, burning Congress (and shooting down McCain along the way) and then accusing Hillary and her accomplices in that

[Hallum]

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?

I think this fact will happen in this year. After Trump 's inauguration , Bitcoin price is rising up higher and it's quite closer to 1,000$ price. it seems the world economy is ready for new crisis when USD is down badly with Trump's decision and it has effected to bitcoin price immediately.

[Herbert2020]

I think this fact will happen in this year. After Trump 's inauguration , Bitcoin price is rising up higher and it's quite closer to 1,000$ price. it seems the world economy is ready for new crisis when USD is down badly with Trump's decision and it has effected to bitcoin price immediately.

what you are saying is highly speculative. and i have been hearing it for many years about USD value dropping and failing economy of US, and i am not saying it is never going to happen but i have never seen any valid argument and it has not yet happened.

and besides bitcoin price goes up and is better to go up with adoption not just because somewhere in the world economy is shit and more people want out with new investments. that just makes price more volatile.

[PokerFace3]

I think this fact will happen in this year. After Trump 's inauguration , Bitcoin price is rising up higher and it's quite closer to 1,000$ price. it seems the world economy is ready for new crisis when USD is down badly with Trump's decision and it has effected to bitcoin price immediately.

what you are saying is highly speculative. and i have been hearing it for many years about USD value dropping and failing economy of US, and i am not saying it is never going to happen but i have never seen any valid argument and it has not yet happened.

and besides bitcoin price goes up and is better to go up with adoption not just because somewhere in the world economy is shit and more people want out with new investments. that just makes price more volatile.

I guess the slow down in USD against other fiats will be more than enough rather than expecting big collapse of dollars to have boom for bitcoin appreciations. It is already happening as China conquering the number one place as biggest economy of the world.

Trump's new policies are supporting alternate investments indirectly still he will not let down his own currency to fall down. So, we can expect intermediate impacts due to Trump government.

[deisik]

I think this fact will happen in this year. After Trump 's inauguration , Bitcoin price is rising up higher and it's quite closer to 1,000$ price. it seems the world economy is ready for new crisis when USD is down badly with Trump's decision and it has effected to bitcoin price immediately.

what you are saying is highly speculative. and i have been hearing it for many years about USD value dropping and failing economy of US, and i am not saying it is never going to happen but i have never seen any valid argument and it has not yet happened

In fact, you just haven't been watching closely enough

Most likely, you refer to the ultimate dollar collapse which is a speculation bordering on wishful thinking or outright bullshit, but if we refrain from sweeping assertions and start talking about the dollar value behavior, this is exactly what happened during all 2000s. You can see that yourself at the historical USDX value chart below which shows the value of the US dollar against major currencies over time



As you can see, the dollar still has a lot of room to go down

[manselr]

I think this fact will happen in this year. After Trump 's inauguration , Bitcoin price is rising up higher and it's quite closer to 1,000$ price. it seems the world economy is ready for new crisis when USD is down badly with Trump's decision and it has effected to bitcoin price immediately.

what you are saying is highly speculative. and i have been hearing it for many years about USD value dropping and failing economy of US, and i am not saying it is never going to happen but i have never seen any valid argument and it has not yet happened

In fact, you just haven't been watching closely enough

Most likely, you refer to the ultimate dollar collapse which is a speculation bordering on wishful thinking or outright bullshit, but if we refrain from sweeping assertions and start talking about the dollar value behavior, this is exactly what happened during all 2000s. You can see that yourself at the historical USDX value chart below which shows the value of the US dollar against major currencies over time



As you can see, the dollar still has a lot of room to go down

Both the dollar and other indicators like S&P500 and other big indexes are bubbled and will soon start crashing. We are at the verge of a new economical collapse and it's going to be fun when shit hits the fan since if you did your homehork you should be all in on bitcoin by now.

[Dr.Osh]

Nothing is impossible. trump could only give a very good effect for bitcoin. bitcoin price might be $ 2,000 for trump invest huge money for bitcoin. Well, I hope it will happen. if trump is using bitcoin, bitcoin then the price will surely rise.

[boyshx]

it depends on what he's willing to do. He said he wants to bring the jobs back and I'm not a economist but the only way I see that happening would be w protectionist policies or devaluation of the USD, I don't know the Potential consequences of protectionist policies but devaluation of the USD would definetely bring attention to Bitcoin.

[BingoDog]

Trump has nothing to do with bitcoin at all and he and his administration will not influence the bitcoin price in any way. I.think this is clear by now. Actualy the influence of politics to bitcoin is overestimated and everything so far is showing this. If the price goes to 200$ this will not be because of Trump.

[angaper]

Trump has nothing to do with bitcoin at all and he and his administration will not influence the bitcoin price in any way. I.think this is clear by now. Actualy the influence of politics to bitcoin is overestimated and everything so far is showing this. If the price goes to 200$ this will not be because of Trump.

Yes, you are right. In any case, the Brexit or even the recent USA elections that caused a great volatility in markets did not generate important effects in the bitcoin price, which remained immutable despite the global worries that those events generated. So I have also realized that political events has nothing to do with the bitcoin behavior.

[Clement Kaliyar]

I really do not think that Trump being the president of America could influence the price of bitcoin,the price of bitcoins is only sensitive to the Chinese news and so if at all if the price has to break the records there have to be a positive news from China so that the trade volume explodes .

[CyberCombat]

910 dollar is good enough, the new base can now be 900. I think for a moment it was hurt, but nothing was more of a panic sale, now it's over $ 900. It looks like the balance is about $ 919.

[deadpoolx]

Nothing is impossible. trump could only give a very good effect for bitcoin. bitcoin price might be $ 2,000 for trump invest huge money for bitcoin. Well, I hope it will happen. if trump is using bitcoin, bitcoin then the price will surely rise.

It is still too soon for Trump to have significant interference in the market. But I think his decisions will be directed primarily toward the purpose of favoring the dollar, not Bitcoin. The value of Bitcoin, as always, will be a result of supply and demand, so it will depend on users, new investors and the network effect.