Juniper Research: Bitcoin trading could continue to rise if Trump is elected

Rage Commentary : Trump's radical remarks during the campaign and Brexit have always been topics of concern to the world, because they may affect the global economic situation. In order to avoid risks, various capitals have turned their attention to Bitcoin, because Bitcoin has great advantages in the current global market. Therefore, Juniper Research, a British market research organization, predicts that the value of Bitcoin will rise this year, and the transaction volume of Bitcoin may be 3.5 times that of last year.

Translation: Annie_Xu

Recent reports indicate that global attention to the possibility of Trump’s election as US president and macroeconomic issues could significantly increase Bitcoin trading volume.

Juniper Research believes that in this era of economic instability, Bitcoin's price has skyrocketed, and if Trump is elected, it will experience another price surge.

Windsor Holden, the author of the survey report, said Trump's tough stance on China and Mexico and his provocation against Muslims have caused him and other economists to worry.

Windsor Holden

Holden, who is also Juniper's chief analyst, said Trump's hostility to free trade could lead to tariffs, and his ban on Muslims entering the United States could become a propaganda tool for extremists to recruit. "If these outcomes come true, it will have a huge negative impact on the economies of many countries, including the United States. Therefore, if Trump is elected, the volume of bitcoin transactions and the value of bitcoin are likely to rise significantly."

Factors other than Trump

The depreciation of the Chinese yuan and uncertainty surrounding Brexit could also be reasons why Bitcoin is a safe-haven investment.

The report pointed out that the halving of Bitcoin issuance this month could increase Bitcoin trading volume to $92 billion this year, three times the amount at the beginning of the year.

In March, The Economist listed Trump as one of the top ten global risks, and Juniper also released this forecast.

Uncertainty in China and the UK’s impending exit from the European Union were also included in the top ten global risks, after which people linked the rise in Bitcoin prices to China’s economic situation and the UK’s progress on Brexit.

Increased penetration

Socioeconomic factors have led to predictions of global instability, and the Juniper report has also contributed to the rise in Bitcoin adoption.

In particular, the report mentioned that the growing popularity of Bitcoin is due to its ability to reduce operating costs, fraud risks and the difficulty of cross-border transactions. "Bitcoin is currently rising steadily and may continue this trend before its issuance is halved. We have reason to believe that the transaction volume of Bitcoin in 2016 may be 3.5 times that of 2015."