Theresa May's Brexit deal is dead, how will this influence Bitcoin?

[stompix]

0
Or maybe...0.0

The whole Brexit deal fiasco has not made a dent in the GBP (5% from the start of the year against the euro) and that is their national currency, the currency of a country that relies on trade and international finance and even so is plunging head first into uncharted territory.

Why would this affect BTC in price or adoption?
People losing jobs and customers won't jump the BTC bandwagon.

one thing is sure, bitcoin wont help UK citizens fix their broken economy as it didnt helped Venezuelan citizens fix their broken economy.

Well, once in a while everyone is finding himself in strange situations, so ..this is one when I agree with you.
A currency can't fix an economy, be it UK, Venezuela, Turkey, Russia or Japan.

Countries have collapsed during the gold standard, people went bankrupt during those times, economies will collapse even in a BTC only world, people will lose their wealth and jobs. There is no miracle cure that fixes everything.

 

[kryptqnick]

As the title of this thread says, Theresa May's EU withdrawal deal has been rejected by MPs by an overwhelming majority for a second time and other markets have already reacted to this news.

https://www.fxstreet.com/news/gold-rises-to-early-month-high-as-us-china-trade-deal-brexit-favor-safe-havens-201903130347

https://www.marketwatch.com/story/brexit-vote-3-reasons-investors-outside-of-the-uk-should-care-2019-01-14

How will Bitcoin investors react on this news? Will we see more or less people investing in Bitcoin or will we see little impact on the Bitcoin price?

Let's discuss. 

As the article mentions, gold went up because GBP went down:

The British Pound (GBP) declined after the development and triggered risk-off moves, which in-turn supported gold.

There've been a coulple of rather surprising reports about UK being a crypto country and stuff like that, so some people surely might turn to cryptos since their fiat is failing. It's surprising that they manages to make a difference in the price of gold, but if they really did, they can probably have similar positive effect on Bitcoin as well. If anything, I hope it won't be negative.

[Kakmakr]

As the title of this thread says, Theresa May's EU withdrawal deal has been rejected by MPs by an overwhelming majority for a second time and other markets have already reacted to this news.

https://www.fxstreet.com/news/gold-rises-to-early-month-high-as-us-china-trade-deal-brexit-favor-safe-havens-201903130347

https://www.marketwatch.com/story/brexit-vote-3-reasons-investors-outside-of-the-uk-should-care-2019-01-14

How will Bitcoin investors react on this news? Will we see more or less people investing in Bitcoin or will we see little impact on the Bitcoin price?

Let's discuss.  

you should move this to the speculation board.

i don't think it'll directly affect the price. if a hard brexit really comes to pass, that might be a catalyst for a major downturn in the world markets. on the other hand, an eleventh hour deal could provide a relief rally.

both scenarios could indirectly affect bitcoin. IMO bitcoin really benefits from stable and growing world markets where investors have a "risk on" mentality. as a speculative asset, i think it will suffer in the context of a major downturn in the world markets.

We are not speculating, we are discussing the influence of current events that has a direct impact on financial investments like Crypto currencies. We are dealing with proper analysis of the political influence of this decision and how it might impact Bitcoin investments.

When there are political instability and indecisiveness in a government, people look for safe havens to protect their wealth and Bitcoin has long been seen as a possible store of value or a kind of safe haven.