• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
bitcoin price recovery. newsbtc

Ashton Kutcher: Bitcoin is Best Hedge Against a Trump Nomination

Joseph Young by Joseph Young
7 years ago
in Cryptocurrency news
Reading Time: 3 mins read
Advertisement

American actor, producer, angel investor and bitcoin enthusiast Ashton Kutcher stated on social media that bitcoin may be the best hedge against a Sanders or a Trump nomination.

Why do I get the feeling that the best hedge against a Sanders or Trump nomination may be buying bitcoin?

— ashton kutcher (@aplusk) January 29, 2016

Bitcoin as an independent currency has become an increasingly popular asset to conventional investors over the past few months. As legendary Swiss investor Marc Faber explained, bitcoin has been the only currency out of all asset classes, reserve currencies, and commodities worldwide, which recorded a positive annual growth in 2015.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

Interestingly, the demand of bitcoin has always risen in times of economic turmoil; as the national currency inflates and the government begins to collaborate with its central bank to implement strict capital controls to regain financial stability.

Control of Trump and Sanders

United States presidential candidate Donald Trump and Bernie Sanders have already begun to consider various financial reforms and strict remittance policies to restrict expat workers from sending the US dollars back to their native soil.

In 2015, Trump announced that as a president, he will enforce important financial policies to impound all remittance payments derived from “illegal wages,” referring to the Mexican expat workers in the country.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

“Mexico must pay for the [border] wall and, until they do, the United States will, among other things: impound all remittance payments derived from illegal wages,” said Donald Trump.

The implementation of an aggressive proposal like Trump’s remittance policy could heavily affect the economy of Mexico and the value of its national currency. According to the Mexican central bank’s publication, expat Mexican workers residing in the U.S. sent home US$23.6 billion in 2014. Although remittance payments account for 2% of the economy, poor areas of Mexico derives 10.5% of their income from remittances.

“In 2010, Mexicans working in the United States sent back more than US$22 billion in remittances to family members, accounting for 2.1 percent of the Mexican GDP. Although remittances are a small part of the Mexican economy, they are the third source of foreign exchange after oil and manufacturing exports, and represent an amount greater than the international tourism receipts and foreign direct investment inflows. Moreover, for the poorest rural areas of Mexico, remittance transfers constitute 19.5 percent of their income, a percentage that is higher that transfers from government poverty reduction programs, such as the conditional cash transfer program Oportunidades (10.2 percent) and agricultural support programs, such as Procampo (3.8 percent),” the study read.

 

@aplusk buying #bitcoin is also a hedge against negative interest rates, policy errors, and QE 4ever

— Tony Gallippi (@TonyGallippi) January 29, 2016

With Bernie Sanders planning for a major financial reform, BitPay President Tony Gallippi mentioned on social media that buying bitcoin could also be a hedge against negative interest rates and quantitative easing. Over the past few months, central banks of Denmark, Switzerland and Japan have begun to implement negative interests for savings.

“Ultimately, negative interest rates from a veteran of monetary expansion such as the BOJ mark a capitulation about the effectiveness of QE alone as an inflation-targeting tool in world of lingering growth-debt imbalances and commodity price wars,” said Lena Komileva, economist at G-plus Economics, in emailed comments.

Tags: Ashton Kutcherbitcoin
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Related Posts

Gala Games 2023

Gala Games Plans for Mobile Gaming, GALA To Be The Primary Token

23 mins ago
MEXC Research: What to Expect from the Shanghai Upgrade on Ethereum

MEXC Research: What to Expect from the Shanghai Upgrade on Ethereum

3 hours ago
Bitcoin

Bitcoin Volatility Ahead? Open Interest Registers Sharp Jump

7 hours ago
bitcoin mining difficulty adjustment

Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment

8 hours ago
Bitcoin U.S. institutional investors

U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research

3 days ago
Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

4 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

“Gold has been the best performing investment asset over the last two decades”: an interview with Easygold

January 30, 2023

The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC) and Orbeon Protocol (ORBN)

January 30, 2023

Polygon (MATIC) and Fantom (FTM) Are Losing Favor With Investors As They Turn To Snowfall Protocol (SNW) For 1000x Potential Gains!

January 30, 2023

Tezos (XTZ) shares its 12th protocol upgrade, Twitch Co-Founder’s Gaming NFT Marketplace Expands to Polygon (MATIC) Network while Snowfall Protocol (SNW) Breaks Record Highs

January 30, 2023

Snowfall Protocol Investors Happy After the Release of Snowfall DEX, Twitch Co-Founder’s Solana Gaming Platform Fractal Expands to Polygon, And Majority of Dogecoin Holders Are in Profits Despite the Meme Coin Being Down 87% From Its 2021 ATH

January 30, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.