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Topic: will Black Friday have any effect on the price of Bitcoin? - page 3. (Read 1652 times)

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Tomorrow is Thanksgiving in the United States, and the following day, "Black Friday", one of the biggest shopping days of the year.
Economists are busy trying to predict how much people will spend in stores and online (including "Cyber Monday" the following week- a huge online shopping day)
https://en.wikipedia.org/wiki/Black_Friday_(shopping)

"If consumers follow up Thanksgiving by spending a lot of money on Black Friday – and retailers show strong numbers – then investors might have their first indication that it is shaping up to be a particularly profitable shopping season. This confidence is reflected in the stock market. In this manner, Black Friday could be considered a leading indicator for the markets."

"Shoppers told us they plan to spend 10% more this holiday season; an average of $1,121 each."
http://www.pwc.com/us/en/retail-consumer/assets/pwc-2016-holiday-report-interactive.pdf

So, how does a strong US economy- as shown with the recent rise in the US stock market, bode for the price of Bitcoin in the coming months?
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