NO-DEAL BREXIT 'WILL SEE CRYPTOCURRENCY VALUE HIT RECORD HIGH

[hugeblack]

This article talks about the possibility of BTC rising in the coming months to record levels if the UK leaves the EU without a deal.
A UK exit without a deal will cause the pound to fall against other major currencies, including the euro and the US dollar and may also lead to an identity crisis for the global system.
Do you think these uncertain times will lead to further rise? And more investment flows?

Here are some quotes:

“Bitcoin has rediscovered its mojo this year with multiple mini surges but a no-deal Brexit could see a massive and unprecedented breakout,” Nicholas Gregory, CEO of blockchain firm CommerceBlock, told The Independent.

Nigel Green, the chief executive of financial consultancy firm deVere Group, recently called bitcoin a “flight-to-safety asset during times of market uncertainty”, claiming it is gaining a reputation as digital gold.

Read more and source ----> https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-brexit-no-deal-value-analysis-boris-johnson-a9047301.html

[gentlemand]

The B word so far has certainly done my GBP worth plenty of favours. Not sure how much use that'll be when I emigrate. The time to move into it was in 2016 before the result.

My father lives in the EU and he's consistently refused to hedge and he's kept all of his money in GBP that he drip feeds into EUR. He's been slowly getting poorer.

I'll be very surprised if no deal happens. It's literally a handful of cunts versus the rest of the world. I'm not sure how long cunts can hold out against several million or billion people.

This guy is predicting global currency madness no matter what - https://twitter.com/RaoulGMI/status/1159076348377337856

[Febo]

This article talks about the possibility of BTC rising in the coming months to record levels if the UK leaves the EU without a deal.

For sure BTC would be of more of the demand, but I dont see brexit as a huge reason fro Bitcoins price increase. But it is a small push and there are many such small pushes that will push price over $100k in next few years.

[hatshepsut93]

Bitcoin is currently in a bull market, it is projected to rise for many more months, Brexit is set to happen soon, therefore we already have two events coinciding even without any influence from Brexit on Bitcoin's price. It makes it nearly impossible to say for sure whether Brexit will have any influence on Bitcoin, but crypto journalists who always spin their stories how some disasters are good for Bitcoin, they already started putting into minds of newbies this idea that Brexit = moon.

[BitHodler]

It's definitely going to be interesting to see if it has an actual impact on crypto to begin with-- it really seems that everything that's happening currently is pointed as the reason Bitcoin is going up.

I'm more leaning towards a technical bull run rather than people around the world using Bitcoin as safe haven asset. It's obviously something people here would love to see happen, but we shouldn't blindly assume that's the case already.

The very few people who do actually use Bitcoin as safe haven asset aren't wealthy enough to stimulate the market into going up like it did this year so far. Being unbiased helps to see the other side of the story.

If the technicals turn bad, no amount of geopolitical tensions will help Bitcoin not to fall lower.

[STT]

may also lead to an identity crisis for the global system.

No its not especially likely to trigger that, troubles in Iran is a bigger deal for the world then UK leaving one system of trade only to use another that many countries are already familiar with.

Sterling as a world reserve currency is only about 7% or so now, go back a hundred years and we might have great upset in great changes to UK currency but not now so much.   Its biggest influence would be from its London trading centre but that will continue even if sterling reached parity with the dollar, lots of hedges and arbitrage is already in motion to compensate for weakness.

The biggest upset is silly stuff like buying mushrooms from the continent and does UK have the capacity to compensate for slower trade routes and more regulation from this now foreign market.   The world doesn't care about British people getting mushrooms on their plate or having to make do with potatoes.

There will be no trade freeze or a need for crypto from what I know, this effect would be likely avoided as Germany or many parts of EU require Uk as a buyer of products hence even politics will not block commonsense.

   ECB has a dangerously lopsided instable policy of disruption to market pricing, eventually it fails and it will be better for EU and many countries nearby to have a buffer from that centralised stupidity and rigidity.   If everyone fails at once, its what prompts the fragility arguments and contagion and discussions like that.  Ultimately not duplicating mistakes is a positive, variety of markets available will be an asset and EU is not helping variety or distributing risk properly.   Its a big negative if all economies decline at once is what Im trying to say.

  Im not seeing a great link to crypto sorry.   Its mostly interesting from a politics perspective.

[Juggy777]

This article talks about the possibility of BTC rising in the coming months to record levels if the UK leaves the EU without a deal.
A UK exit without a deal will cause the pound to fall against other major currencies, including the euro and the US dollar and may also lead to an identity crisis for the global system.
Do you think these uncertain times will lead to further rise? And more investment flows?

Here are some quotes:

“Bitcoin has rediscovered its mojo this year with multiple mini surges but a no-deal Brexit could see a massive and unprecedented breakout,” Nicholas Gregory, CEO of blockchain firm CommerceBlock, told The Independent.

Nigel Green, the chief executive of financial consultancy firm deVere Group, recently called bitcoin a “flight-to-safety asset during times of market uncertainty”, claiming it is gaining a reputation as digital gold.

Read more and source ----> https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-brexit-no-deal-value-analysis-boris-johnson-a9047301.html

Brexit no deal can propel bitcoins prices to new heights, as people will put all thier money in bitcoins to safeguard themselves. If you’ll remember three years ago Asian country India demonetised it’s currency, and suddenly bitcoin began to sell at premium there hence I believe we may witness something similar if Brexit happens without a deal. However I do wish to know will bitcoin prices tumble in case a deal happens or bitcoin prices would not be effected by the deal?.

[el kaka22]

No-deal brexit seems like its about to happen anytime soon. With that wacky dude Boris at the helm UK seems to be getting closer to USA level of madness every single day, it w as apparent the moment he got picked as the prime minister, dude literally appointed someone that gave him millions of pounds as bribe to a high level position before he even took the office.

It is not shocking that Trump managed to anger a lot of countries specially China that they work so much with, same is gonna happen with UK which works with Europe a lot obviously and they will have a no deal brexit soon. With that in mind I am not entirely sure if companies will go the Bitcoin route to bypass all the legal stuff, maybe some of them will but I am not sure if it will be big enough to make it record high.

[buwaytress]

Brexit was big. Was.

Yes, it had significant and long-term impact on global economies, and possibly a lot of spill on for Bitcoin. But this would all have happened WHEN Brexit was first a possibility.

So I do agree, perhaps it was when the referendum decided Brexit that the pressure first grew for Bitcoin, and perhaps that was what helped all other factors to push it to the 2017 boom. People don't really care anymore now. And all other things will balance out over the years, deal or no deal.

So. All priced in.

[veleten]

while it could contribute to the current trend , I don't see Brexit such a big deal that is capable of influencing the global markets
it has been dragging for ages now , deal or no deal , the pound is weakening and some of the investors might flow to cryptocurrencies
what is more frightening and on the other hand , positively impacting the price of  bitcoin is the trade war between China and the States
this shatters the markets, just look at Dow Johns index  breaking the new lows records
and it is just the beginning , countries might start to play with their fiat money value ( hell China has been doing it for ages )
so you won't be sure how much is a dollar and what it is after all - we have meter , kilogram measured and weighed and stored
we know how many centimeters in a meter etc. , with the money we only have the ratios between different currencies , not the value of a particular currency
none knows how much is a dollar, it is not the same dollar during the golden standards period

[Lucius]

Brexit was big. Was.

So. All priced in.

I agree, Brexit is in a way old thing and smart people have already taken steps to secure themselves in the event of any outcome. I do not see Bitcoin relevant in this story, it is just something that most people do not understand at all, and maybe just 1% of the world’s total population owns or uses it i some way.

If people in UK think pound will lost some value, I doubt they will start to buy Bitcoin like crazy. Ordinary people usually do nothing, they pay price for that and this is how world works.

With that wacky dude Boris at the helm UK seems to be getting closer to USA level of madness every single day, it w as apparent the moment he got picked as the prime minister, dude literally appointed someone that gave him millions of pounds as bribe to a high level position before he even took the office.

I know Trump was very happy about Brexit, and now he is even happier when he have Boris as Prime Minister in UK. They are both on similar level of behavior and if you look in their genealogy it is funny that Trump is child of immigrant that is now fight agains them by all means possible, and Boris is saying :

In reference to his varied ancestry, Johnson has described himself as a "one-man melting pot" – with a combination of Muslims, Jews, and Christians as great-grandparents

but also :

He has been criticised by figures on both the left and the right for using racist and homophobic language, as well as alleged elitism, cronyism, dishonesty, and laziness

So I bet they have a lot of topics in common, at least they speak the same language so they will understand perfectly.

[NeuroticFish]

Brexit is the ultimate FUD. It made the Pound fall, it made people fear their money, it made the people fear for tomorrow (many bought all they could for their money, including food reserves and expensive cars).
Brexit could happen without a deal. Or not.
Brexit could happen. Or not.

Maybe they'll wake up and stop this madness that helps USA, Russia and everybody else except EU and UK. Maybe...
Somehow after all this many still don't realize the difference between the cheap rhetoric and the reality...

[dothebeats]

A Brexit No-Deal is certainly one of the most interesting political developments we could see in contemporary times. Also, it would be interesting to know whether such an event would really have some substantial effect to crypto. It has long been speculated that such a thing would definitely happen, though from the looks of it, in the heat of all the Brexit talks, nothing really happened for crypto and instead performed poorly during 2018 - Q1 2019. This is an issue for fiat-heavy users, and I don't see the common folk hedging their GBP's value in bitcoin because if they would, they have done so way before the price of bitcoin skyrocketed right now.

[Harlot]

Are they somehow expecting that the British people will shift to crypto investments as soon as they see that the British pounds falling in value prediction comes to a reality? I don't think so the price that is expected to fall involves a fiat currency and is more of a news related to foreign exchange rather than the crypto industry itself. I have remembered that the first time Britain has announced Brexit the British pounds are falling and a lot of forex traders took advantage of it meanwhile the crypto market at that time was just consolidating and there is really no noise involving Brexit affecting the market that time.