Donald Trump’s election and the Federal Reserve’s rate increase amid higher U.S. inflation expectations have pushed some investors to consider bitcoin, especially in China, which has seen a slide in the value of the yuan versus the dollar.
India’s banning of large rupee notes has also driven demand and fueled concerns about traditional currency, analysts say."
On 1st Jan 2017 bitcoin cleared $1000/coin and currently a few percent over http://bitcoinity.org/markets/...
Global political attacks on cash (India http://www.bbc.co.uk/news/worl..., Pakistan http://www.financialexpress.co..., Venezuela https://www.theguardian.com/wo..., Euro http://www.bbc.co.uk/news/busi...) and gold (India gold ownership limits http://www.indianjobs4u.com/go...) and Euro currency (Italian bank bailout worries http://www.nytimes.com/2016/12...), US (geopolitical uncertainty from Trump, interest rate hikes http://abcnews.go.com/Business...), brexit (UK in or out of Europe http://www.express.co.uk/news/...) are all bullish for Bitcoin into 2017. Further bail-ins (Cyprus) and sovereign debt haircuts (Greece) maybe on the cards as well as continuing hyper inflation in emerging markets.