The Trump Effect
After the recent US election results, much talk in digital currency land has revolved around what Trump’s presidency will mean for Bitcoin.
The immediate effect was a sharp rise in its price - bitcoin jumped 3% almost immediately after the announcement. After a short dip, the prices have continued to rise.
Beyond price activity, it’ll be interesting to see if Trump actually follows through with the repeal of Dodd-Frank. If this were to come to fruition it could get interesting for digital currency exchanges. On one view, it might make it a little easier to run an exchange due to potential loosening of KYC requirements. Obviously, this is only conjecture as no one really knows what the changes to Dodd-Frank will look like.
Regardless, it’ll definitely be an interesting 4 years for America and potentially Bitcoin too.
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