Bitcoins hit a 3-year-high, more Indians take to cryptocurrency
http://economictimes.indiatimes.com/news/economy/policy/bitcoins-hit-a-3-year-high-more-indians-take-to-cryptocurrency/articleshow/56369289.cms
Trump's love for all things Russia and Putin has had an unexpected effect on bitcoins, which surged to a three-year high. The cryptocurrency crossed the $1,000 on January 1and is currently trading at $990.87, bouyed by positive sentiment. Since, Russia has the second largest market for bitcoins after China, US President-elect Donald Trump's perceived friendliness towards the rival nation has spurred punters to bet big on cryptocurrencies in the New Year.
Bitcoins have risen 54% since November 8 ($709.2) when the US election results were announced. The demonetisation announcement in India also did its bit in popularising the use of alternate payment mechanisms in India. Investors like Chandresh Dedhia made a clean profit from their bitcoin trade.