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After election of President Trump, Bitcoin market in US is gaining momentum

Global trading platform has shown tremendous growth in the volume of Bitcoin capital market upon completion the US presidential election in 2016.

This was announced by Chairman of the Board of the International Public Movement Change the World Together Aleksey Muratov.

"The victory of Donald Trump in the elections in the United States has had a significant impact on the sharp increase in the number of new deposits and the size of transactions carried out on the platform," Chairman of the Board of CWT said. In particular, according to First Global Credit's recent report, trading volume on the platform in November amounted to more than $ 12 million. Previous auction record set in February 2016, according to Muratov, was only $ 2.1 million.

He also noted that the assumptions about Bitcoin jump after Trump's victory appeared long before the official election results. "Let me remind you that the whole campaign was launched, during which Trump, with his election to the US presidency, was positioned in Washington as an outsider, leading to uncertainty. These conversations went on for four months," Aleksey Muratov said.

According to him, as a result of this information campaign, after the election victory of Donald Trump Bitcoin has jumped to a daily maximum of $ 738. "It once again proves that Bitcoin is already a safe haven during periods of market instability. And I'm sure cryptocurrency will continue its growth in 2017 too," Muratov emphasized.

In his opinion, Trump's statement on increased spending on infrastructure development along with a further increase in FRS rates is also an evidence of this. "This will provoke a growth of the dollar and force emerging markets to look for an alternative for it," Chairman of the Board of Change the World Together movement concluded.

Source: CWT News

  • December 15, 2016 11:20 PM MSK