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Bitcoin under Trump could triple in value, Saxo Bank predicts

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The cryptocurrency bitcoin could triple in value this year thanks to US President-elect Donald Trump’s “spending binge,” according to a report from Saxo Bank which said the value of bitcoin could hit over $2,100.

The bank’s annual report “Outrageous Predictions for 2017” was published in December. It stated the expected increase in fiscal spending by Trump’s administration would cause “US growth and inflation to skyrocket, forcing the Federal Reserve to accelerate its hikes and the US dollar to hit the moon.” – READ MORE

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