re: This is what Donald Trump does for Bitcoin

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Shares of Bitcoin have already surged 75% over the course of 2016.

Now, the digital currency could ramp up another 165% over the course of 2017 thanks to Donald Trump’s “spending binge,” Denmark-based Saxo Bank wrote in a report titled “Outrageous Predictions for 2017.” The bank says Bitcoin could hit over $2,100.

If Russian and Chinese governments decide to accept Bitcoin as a partial alternative to the U.S. dollar, Bitcoin could easily triple to over $2,100, the bank said.

Granted, the research acknowledges that it’s “outrageous.” The dollar has long been the currency of choice for international governments given its relative stability. Meanwhile, Bitcoin is famously volatile.

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