2016/11/10 6:47 AM
The results are in, and Americans are shocked by a Donald Trump upset victory over Hillary Clinton in the 2016 presidential election. Bitcoin markets reacted to the victory as well, the price rising as much as $30 to renewed highs of $730.
Also read: Bitcoin Price is Moving Back Up, but Fear of Bears Still Remains
In the midst of all the hype and hoopla, one thing appears to be certain: bitcoin is benefiting from Trump’s victory. The price of everyone’s favorite digital currency spiked an additional three percent yesterday following the former reality star’s win in Washington. At press time, the bitcoin price stands around $717. That’s an increase of eight dollars from our last price piece.
Since the start of the election, several analysts (including those on Bitcoinist.net) predicted good things for bitcoin if Donald Trump won the White House.
A Juniper Research study entitled “Will Bitcoins Bite Back?”…