How Brexit will impact bitcoin

[mronezigger]

With the disagreement and  resignation of profilic members of the UK government

Though Significantly,I can't say or draw out what will be the case

Well, I believe that Brexit will result to shakes on the bitcoin crypto market flow


Then,Will the best deal for Britain affect the bitcoin market flow?

[terry-tibbs]

I don't think Brexit will impact Bitcoin per se.

In fact, I suspect the UK will need to position itself more favourably (regulation, etc.) within the Blockchain space as it looks to spur innovation/new revenues/capital. It treasures it's financial services, and going forward it will need to adapt to the potential exodus that could happen post Brexit by offering favourable regulation. So it could benefit bitcoin that way.

[WillyZ]

I don't see a reason why Brexit should really impact Bitcoin in any way.

[zazarb]

Yes, the brexit in my opinion, was not a well-conceived solution, but United Kingdom and the European Union I think it will be arranged neatly, and will send out all the problems that have arisen for such a solution. But talking about Bitcoin, I do not think that this will have some effect on his market.

[Coyster]

With the disagreement and  resignation of profilic members of the UK government

The UK government have no effect whatsoever on the price or value of the bitcoin,this is purely politics and should be better suited in politics and society.

Well, I believe that Brexit will result to shakes on the bitcoin crypto market flow
Then,Will the best deal for Britain affect the bitcoin market flow?

Nope,britain exiting the European Union doesn't affect the bitcoin market,if you feel it will, you put forth your reasons,and it'll be up for discussion.

[LFC_Bitcoin]

It’s not likely to have any impact at all, neither positive nor negative. We’re waiting for something else to start the next bull run. It definitely won’t be BREXIT though.

[bob123]

How (and why) should a country leaving the EU have an (technology- or financial-based ?) impact on bitcoin ?

I don't see a single scenario where this would have an impact. Even if there was a specific political change which would affect bitcoin, those impacts would only be temporarily.
A small country like the UK can't have a big impact on something which runs all around the world (e.g. internet, bitcoin, ...).


I would be glad to hear your point of view - why and how the brexit could impact anything regarding bitcoin.

[Hivalley]

With the disagreement and  resignation of profilic members of the UK government
Though Significantly,I can't say or draw out what will be the case
Well, I believe that Brexit will result to shakes on the bitcoin crypto market flow
Then,Will the best deal for Britain affect the bitcoin market flow?

Brexit,British parliament,British Prime Minister and even the Queen doesn't have any impact on the bitcoin,this is a decentralized system,that government doesn't have control over..

  Yeah some factors trigger the rise and fall of bitcoin and subsequent cryptocurrencies,But I'm sure Brexit wouldn't be one of them

[DooMAD]

The only impact I can see it having is if the UK economy falls off a cliff and the value of Pound Sterling plummets with it.  That outcome would certainly drive increased adoption as people look to secure their wealth in Bitcoin.  People will naturally flock to something that is highly resistant to political and economic turmoil.  There certainly shouldn't be any negative impacts on Bitcoin, though.

[oppasong]

if the news from the UK is related then this will greatly affect the price of Crypto and it can be ascertained that Crypto will be dropped again in the near future. Hopefully this news will have its own option in the world of cryptocurrency.

[eternalgloom]

I personally do not see any reason why Brexit would have any sort of effect on the crypto market.
I mean, I see people responding that it will, but I've not seen them give any sort of reasoning behind those thoughts.

Haven't got the slightest idea how it has anything to do with crypto to be honest.

[YuginKadoya]

There are deviations that one may never know the impact of the UK if they would leave EU would be, If its gonna impact the price of bitcoin or not, Well in my opinion there may be a small impact regarding the price of bitcoin but I think we can not feel the pressure of it, But I guess there will be a slight chance with the price, Aside that many are saying that it will not have a significant drop over the price is because many hodlers would protect their investment and would tap up bitcoin from their other investment if this things would happen.

[pawanjain]

With the disagreement and  resignation of profilic members of the UK government

Though Significantly,I can't say or draw out what will be the case

Well, I believe that Brexit will result to shakes on the bitcoin crypto market flow


Then,Will the best deal for Britain affect the bitcoin market flow?

What the below person said is quite true.

How (and why) should a country leaving the EU have an (technology- or financial-based ?) impact on bitcoin ?

I don't see a single scenario where this would have an impact. Even if there was a specific political change which would affect bitcoin, those impacts would only be temporarily.
A small country like the UK can't have a big impact on something which runs all around the world (e.g. internet, bitcoin, ...).


I would be glad to hear your point of view - why and how the brexit could impact anything regarding bitcoin.

In fact, I think that this should benefit bitcoin now if UK plans to have a of their own.
If people in UK wants to transfer money to people residing in Europe then they will need to exchange the currency which might be a burden.
Bitcoin could be used here as a savior. Just a possibility which is hard to happen.
I don't think Brexit will make any huge impact on bitcoin and if you think does then do share your opinion.

[mmo_online_1981]

The economic and political turmoil of some big countries is affecting the currency, Bitcoin is not immune to that, the best way is to confront and find the right solution!

[stompix]

A small country like the UK can't have a big impact on something which runs all around the world (e.g. internet, bitcoin, ...).

I also don't believe we're going to see any impact, especially since it's going to be a lengthy process that is already making the headlines for years but...small country?
We're still talking about the 5th country in the world by GDP!!!

If people in UK wants to transfer money to people residing in Europe then they will need to exchange the currency which might be a burden.

Yeah, rather than changing pounds to euros they would change pound to BTC and then BTC to euros.
If the UK remains in the EEA they will still have access to SEPA which is pretty fast and cheap.

[bitfocus]

Why would Brexit even have any influence or impact on Bitcoin?

[emililadjet]

The Brexit was, despite the campaign that led to it, entirely unexpected, and there are a lot of puzzling implications for the Bitcoin

[franky1]

though the UK has its own legislation that mirrors EU legislations currently. thus no actual need to change much on brexit day

but after brexit there will be more freedom to allow parliament to start amending legislation to what parliament seems fit for them. and its at these times of new bills/amendments they normally would slip in amendments mixed in with other bills.
so we could see some regulations being added/removed/amended either openly or hidden in the mix of multiple amendments hidden in big bills

the forex exhcnage between GBP/euro will change as will GBP/USD.
we seen it a few years ago when the IMF added CHY to its SDR. many thought it had nothing to do with GBP but it did impact
and also with just announcing brexit caused movement in both gbp/euro and gbp/dolar, but thats more effecting the forex markets

this would have been a good time to instead of valuing bitcoin vs USD. it could have been btc vs minimum wage.
that way no matter where people live or what forex does, people know they only have to pay the equivalent of under 1000 labour hours.

which could be revolutionary because people could play th forex markets to get the best bitcoin deals, thus impacting forex and actually affecting wall street.. but thats a whole different scenario/idea for another discussion

i know people think that if the UK exchange rate to lets say USD is worse. EG less dollar per pound = disney holiday gets more expensive.. i see this as a good thing.

firstly the flip side. less dollar per pound = more pound per dollar. so this means the US can buy more from the UK cheaper. meaning they will buy more from the UK.
we will see U.S company outsourcing their call centres and remote services to the UK because we(british folk) can offer more for less.
we can start making things again because its more expensive for brits to import.
we will become more exporter than importer

so we could see the UK becoming a better prospect for crypto businesses looking for better labour costs than the usa

[dothebeats]

I don't see any implications of Brexit towards bitcoin. Perhaps in stock markets and mutual funds and other assets concerning EU and UK but bitcoin? Their economy (UK) might weaken for the first part of the separation but that's about it; all cryptocurrency-related trades are not heavily associated with UK's economy, and as such, there'll be a direct or indirect impact on bitcoin with this decision. Foreign relations, forex, stock markets and the likes would be greatly affected, but never the cryptocurrencies especially bitcoin.

[frchowe214]

As there aren't any significant exchanges in the UK i doubt brexit will have any impact. Binance is in Malta and the other top exchanges are in East Asia. Coinbase setup an office in the UK but it is new and has no real significance there.