Will Bernie Winning The Iowa Caucus Be Good For Bitcoin?

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So a little disclaimer here - I actually hope that Bernie wins the presidential election in November. Now that that's out of the way, i think the market will be spooked if he wins the Democratic nomination.

Something something 'socialist', something something money-printing etc. Never mind that the economy actually tends to do better under Democrats. Anyway...

I think the fear will lead to a sell off in the dollar and as a result, dollar valued assets will see a rise in price. This includes gold, silver and Bitcoin as well.

If you're going to be worried about hyper-inflation, then Bitcoin is probably one of your best hedges. If Bernie wins tonight, i'll start converting some of my alts to Bitcoin before the New Hampshire primary.

Just a couple of hours to go before the results are out...

Will Bernie Winning The Iowa Caucus Be Good For Bitcoin? | Ecency