Could Trump push Bitcoin price higher?

posted almost 6 years ago
One thing purported to cause a spike in bitcoin is Donald Trump’s campaign. It has been said that if Trump wins the presidency, financial markets could undergo a period of relative turmoil, allowing bitcoin to rise and take control of America’s monetary reins.

Another action could be Trump’s proposed halt of remittances from illegal aliens to their families. Tariffs would be placed on these remittances, forcing undocumented immigrants to help build Trump’s border wall. To avoid those taxes, several illegal workers are slated to switch over to bitcoin, which could potentially help the currency’s price to jump significantly.
Tags: bitcoin, opinion