Bitcoin Market Report: If Trump wins the US election, Bitcoin trading volume will climb to $92 billion in 2016 (Download the full report)

Juniper Research, a British market research firm, has released a new research report (download the full report) stating that Bitcoin trading volume is expected to increase threefold this year to $92 billion. Considering that it was less than $27 billion last year, the growth rate can be said to be quite large. One of the reasons for the sharp increase is the impact of Donald Trump's possible election as US president.

There is no doubt that the volume of Bitcoin transactions is growing, and in the past 18 months, more and more people have become interested in this digital currency and have continued to invest in the Bitcoin field. However, most people did not predict that the volume of Bitcoin transactions would increase so dramatically.

If Trump wins the US election, the price of the digital currency Bitcoin may rise, and some market commentators expect this to cause market turmoil.

“Global markets could indeed be volatile if Donald Trump becomes president of the United States — The Economist Intelligence Unit lists a Trump presidency as one of the top 10 global risks,” Windsor Holden, director of forecasting and advisory at Juniper Research, said in a statement. “However, Bitcoin could thrive in such a volatile environment, at least against some major fiat currencies.”

The report believes that there are many reasons for such a sharp rise, in addition to Trump's factors, including uncertainty after Brexit, China's economic weakness and the upcoming Bitcoin halving. These factors will tighten the supply of Bitcoin and cause the price to rise.