Saxo Bank has shared its annual ‘outrageous’ finance-related predictions for 2017. The the online multi-asset trading and investment specialist, which correctly predicted Brexit in 2014, believes Bitcoin will see “huge gains” next year. “Under President Trump the US fiscal spending increases the US budget deficit from $600 billion to $1.2-1.8 trillion,” Saxo Bank explains. “This causes US growth and inflation to sky rocket, forcing the Federal Reserve to accelerate the hike and the US dollar reaches new highs.”This will result in economic turmoil, the brunt of which will be especially felt by emerging markets. One important market, as far as cryptocurrency is concerned, is China. Read more: Bitcoinist.com
