18 Apr

Could We See Bitcoin Recognized as a Currency Under Trump’s Presidency?

By Daniel Zo Bitcoin, USA, Donald Trump Read Comments

During the last couple of months, we’ve seen governments from all around the world becoming more relaxed when it comes down to discussing bitcoin. In fact, on the 1st of April, the Japanese Government finally agreed to recognize Bitcoin as an actual currency, which can be stored, but also used to purchase and sell products and services.

After Donald Trump was officially inaugurated as the President of the United States in January 2017, the digital currency’s price peaked, and hence managed to reach a new high. Two months later, the price of bitcoin reached $1,268, thus surpassing the value of gold for the first time. Not only this, but bitcoin almost tripled in value during a year, and between December and March of this year, its value has grown by around 30%, which is massive growth, even for bitcoin. During its volatility periods, it has been determined that the value of the digital currency can easily react to world and political events, especially in influential countries such as the United States, Russia, China, Japan and more.

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14 Dec

How Bitcoin Could Reach $2,000 by January Next Year

By Daniel Zo Bitcoin, Trump, China, India Read Comments

A report issued by the Saxo Bank, and entitled ‘Outrageous Prediction for 2017’ says that several reasons will gradually push the bitcoin price forward, until it reaches the new high of $2,000.

At this moment in time, there are three plausible reasons, these being Donald Trump’s presidency, the Indian demonetization and the fall of the Chinese Yuan.

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