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Digital currency joins gold surge as bitcoin price climbs nearly 4% after Trump win

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Eric Spilde
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Trump s shock election wins sent shock-waves across the world s financial markets.

As uncertainty reigned supreme, investors turned away from equities and towards bitcoin.

Joining the upward trajectory seen by gold post-Trump win, the Bitcoin price has surged almost 4% as investors look outside of stocks and bonds to seek a safe haven in other assets.

Donald Trump s victory in the 2016 US Presidential Election shocked the world over and, in scenes echoing the post-Brexit financial fall-out, saw the dollar plunge and billions wiped off the leading market exchanges across the world.

However, like gold which is seen as a solid bet in times of uncertainty and market volatility, Bitcoin reached a recent high of $738 after climbing steadily throughout election night.

Now a single Bitcoin, according to Bitstamp, is trading at £737.07, which is a 3% increase from the $708 value of bitcoin before the election.

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Eric Spilde
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