Published on November 11th, 2016 | by bitcoin0
Trump’s win boosted Bitcoin – Here’s why
The price of bitcoin, however, surged around 4% to reach highs of $738.33 overnight.
The cryptocurrency saw similar gains in June after the Brexit vote, suggesting that investors are increasingly turning to bitcoin in times of political and economic uncertainty.
There are a number of reasons why bitcoin proves attractive in these circumstances:
It’s an alternative asset.
We will likely see bitcoin make further gains in the near future as political uncertainty grows across Europe.
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