Did the tax allegations against Donald Trump see bitcoin bounce?

Quick Take

1 minute read

• At the end of the weekend just gone, the price of bitcoin unexpectedly saw a price boost following a week of poor performance. 

• Some believe that this was due to the investigation into the United States President Donald Trump and his tax records which were published by the New York Times. 

At the end of the weekend just gone, the price of bitcoin unexpectedly saw a price boost following a week of poor performance. Some believe that this was due to the investigation into the United States President Donald Trump and his tax records which were published by the New York Times. 

According to the details, Trump paid just $750 worth of tax in his election year of 2016. Obviously, for a billionaire and a man of his wealth, it seems that he is massively underpaid on his tax but according to the man himself, it is “fake news“.

Even though Trump has hit back at the allegations saying that it is false, there is a big chance that this publication could have big implications on his chances in this year‘s election. Whether Trump's actions had an impact on bitcoin or not is unknown but is very possible given the man’s history, or the man’s comment history, on the nascent asset.

You can see a clip of the White House conference on YouTube here.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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