BITCOIN - Gold continued to soar after the Brexit and even managed to reach the 2,016 level during July, at a price of $ 1,364. And continues to increase after Trump's election as President of the United States. The results of the US elections that shocked the world and world markets, did not cause a spike in gold prices, but instead fell as much as 20% in the last half of 2017.
And the devaluation of the Chinese Yuan is rising, the Chinese are increasingly supporting Bitcoin rather than gold. The Chinese authorities' decision to restrict imports of gold to prevent capital from leaving the country has raised Bitcoin's demand.
Although bitcoin started in 2017 with a weak note, a drastic increase following Brexit, the US election and China's Yuan crisis have cemented its status as a salvation haven in this new age.
Other events such as the demonetization of paper money in India and Venezuela, the crackdown on Wealth Management Products and the tightening of capital controls also play a strong role in pushing Bitcoin prices. []