Since Trump’s victory, the entire cryptocurrency market has gone into a new bull run, with even smaller altcoins of Ethereum, LiteCoin and truly everything popular altcoins increasing in value. Crucially, however, it’s Bitcoin, the flagship cryptocurrency, driving the charge.
Trump’s election win is being cited as a catalyst, as investors rushed to the decentralized world of crypto as never before — even after a period of stagnation in the market.
They say that the renewed faith in bitcoin and other digital currencies is a reaction to his economic policies. Trump is well known for his ‘America first’ approach and has said he will cut taxes, reduce red tape and see to it that industry is encouraged to innovate. For many it means adopting blockchain technology and digital currencies as key drivers of future growth.
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