Election Results Prove Positive for Bitcoin
Regardless of personal feelings, Trump is continuing to defy expectations, repeatedly turning things in the opposite direction. Many were left feeling that a Trump victory would inherently wound the NASDAQ, but several major stocks including those of Ariad Pharmaceuticals, Caterpillar Inc. and the United States Steel Corp jumped as high as seven to 23 percent following the big announcement, closing the U.S. market higher than expected in the previous weeks leading up to the election.
Bitcoin has also benefited. Bitcoin companies ranging from Digital Currency Group to ZebPay claim to have seen massive spikes in trading following the announcement of Trump’s victory, and the election results are slated to push bitcoin’s price even higher.
http://www.newsbtc.com/2016/11/10/election-results-good-bitcoin/
The price of Bitcoin jumped up after the results, but the gains are being slowly erased.
The fears related to Trump are quickly wearing off.
