The world of cryptocurrency is witnessing another surge as Bitcoin price sees an upward climb. This time, the trigger seems to be the anticipation of a new Federal Reserve chair by Donald Trump, prior to Christmas. Ever since the news broke out, Bitcoin has experienced a sensational rise, catching the eye of investors and stakeholders near and far.
It is believed that the decision to select a new chairman for the Federal Reserve can have huge implications on the financial market, traditional as well as digital. The increase in Bitcoin price seems to be a testimony of this fact. With Christmas around the corner, the speculation continues to grow over whom Trump might select for this crucial role.
The Bitcoin surge, therefore, can be seen as the market’s response to Trump’s decision. It signifies the power politics hold over financial systems, even decentralized ones like Bitcoin. As the world waits for the President’s selection, the cryptocurrency market hangs on the anticipation, and Bitcoin continues to shine with each passing day. Read More
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