The US Bitcoin exchange market briefly overtook Japan to become the largest Bitcoin exchange market in the world, amidst serious economic uncertainty.
According to various analysts including Lukman Otunuga, currency broker FXTM’s research analyst, the Trump administration’s troubles with former FBI Director James Comey’s memo and the call for impeachment by the Democratic Party have led to wide fluctuations on the US stock market.
"With a growing chorus of Democrats accusing Trump of obstructing justice and even calling for his impeachment, the Trump administration could come to an early season finale,” said Otunuga.
"Even mainstream media analysts have emphasized that Bitcoin, alongside gold, has demonstrated a surge in demand as investors started to seek out for alternative and safe haven assets to protect their wealth."
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