Brexit what effects will this have on cryptocurrency?

[Adriano2010]

Either the price will increase either the Brexit will not affect at all the bitcoin price. Why? Because more bitcoin is buy with USD and not with GBP, so even if GBP goes down the price will not be so much affected.

[1715396191]

1715396191

[GunsLair]

I think that exactly brexit will not affect in any way. Now comes the wave of popularity of cryptocurrency and it will affect the people of England, including. Although many analysts believe that brexit already affects crypto. Since large companies leave London and, accordingly, funds too and, according to experts, most of them are transferred to cryptocurrencies.

[senin]

It is likely that there will be no withdrawal of England from the European Union at all. Recently it was decided by the parliament of this country to postpone such an exit. This decision was approved by the EU member states. In England itself, several million signatures have been collected for the re-referendum on leaving the EU. By this time, many Englishmen understood the advantages of the union and what they were losing when they left it. The more time passes, the less likely the exit itself.

[niteroy]

Perhaps Brexit has no direct influence on Bitcoin, but I think that it still has an indirect effect on the development of cryptocurrency. I noticed that after the information about Brexit in the press on the stock exchanges there was a fall in stock prices, and on cryptocurrency exchanges the prices for bitcoin and altcoins fell slightly. Perhaps at this turbulent time, investors transferred their capital into gold, including they could sell Bitcoin and buy gold. I do not know how it really was, but I watched as the market fell, and gold kept at the same level and even grew a little.

[okala]

The cryptocurrency community don't really give attention to any official any more just like the previous Bexit decision never hard any effect on the activities of the crypto market the next one will also not have any effect on the price of cryptocurrency. Lot of the user of cryptocurrency have come to the realization that the cryptocurrency market does not depends on institutions decision or government agent laws. So in my opinion the next Brexit will not have any effect on the cryptocurrency market.

[LeGaulois]

Investors continue to withdraw their investments in recent days it has exceeded $300 million. If it doesn't affect Bitcoin, at least it will affect the funds invested in British equities. Also the IMF said we could see a severe slap in the event of Brexit without an agreement.
Thinking it will happen, yeah Brexit could be an opportunity to Bitcoin, but Brexit takes tooooo long.

[klaaas]

I am still not sure to make a decision but i tend towards a small increase in price on the short run as people would worry about fluctuations in the value of the Pound.

[alyssa85]

It is likely that there will be no withdrawal of England from the European Union at all. Recently it was decided by the parliament of this country to postpone such an exit. This decision was approved by the EU member states. In England itself, several million signatures have been collected for the re-referendum on leaving the EU. By this time, many Englishmen understood the advantages of the union and what they were losing when they left it. The more time passes, the less likely the exit itself.

This is complete nonsence as the upcoming euro-elections will show (the brexit parties are surging in the polls).

Britain will Brexit after making further no deal prep.

As to the effect on cryptocurrency: very little. The UK is not Cyprus. It has it's own currency. The banks are better capitalised than the European ones. The govt's deficit is reducing rapidly. Unemployment is at a 44 year low.

The banking system works exceptionally well, especially since they introduced Faster Payments, where you can send money electronically from your account and it reaches the recipient within minutes. It's much faster than any crypto (the banks saw the writing on the wall and improved their services).

[salty]

It all depends on what issues will be raised.If questions about cryptocurrencies are raised,everything will depend on what exactly will be said about them.If they say positive things, it should have a positive impact on the overall capitalization.

[Yakamoto]

Investors continue to withdraw their investments in recent days it has exceeded $300 million. If it doesn't affect Bitcoin, at least it will affect the funds invested in British equities. Also the IMF said we could see a severe slap in the event of Brexit without an agreement.
Thinking it will happen, yeah Brexit could be an opportunity to Bitcoin, but Brexit takes tooooo long.

Most investors just pull their investments because they are concerned about the coming regulatory changes and legislation that will impact the economy of Britain. It's a precautionary step, but at the end of the day, it likely doesn't mean much because everyone is preparing for a worst-case scenario, one that is incredibly unlikely to occur. There might be some trade agreements that get scuffed, and that's probably where a lot of the uncertainty about investments comes from, but it'll only be taxed at worst.

Most of the Brexit investment withdrawals won't result in an influx of cash into Bitcoin. It'll be re-deposited where-ever the investors see fit, and it'll more likely be in tangible assets than anything else. Or, at least, a market where something tangible can be tied to it, like stocks to a company.

[Irvinn]

I think that the withdrawal of England from the European Union will not affect the price of Bitcoin and other cryptocurrency. England and after that will remain on our planet and its citizens, as before, will use the Internet and cryptocurrency. I am even surprised at the formulation of such a question. After all, for the Internet and cryptocurrency borders do not exist.

[BitHodler]

It all depends on what issues will be raised.If questions about cryptocurrencies are raised,everything will depend on what exactly will be said about them.If they say positive things, it should have a positive impact on the overall capitalization.

How can you expect a government to have a positive outlook for crypto? The first thing on their mind is having the centralized ecosystem become regulated one way or another, and this will definitely be felt by people.

Governments have been extremely slow with catching up on crypto, so the more "crypto friendly" they become, the more likely it is that their improved understanding of this space will lead to harsher regulations.

Japan is a great example of that. It started out as a Bitcoin friendly country, then suddenly turned into something that even Binance as the largest exchange couldn't handle, which is why they chose to leave Japan last year.

[pushups44]

I don't see Brexit having a significant impact on bitcoin. As a general rule, the rise of nationalism in Europe may steer some activists toward bitcoin and other cryptocurrencies, but these movements are just not strong enough to impact the price significantly. Far more influential are nations with collapsing currencies that force them to seek cryptocurrencies as an alternative means of exchange or store of value.

[Kevin77]

I think it will have a small impact for good. It won't be huge and I doubt it will have any impact at all and change the price but if its going to have any its going to be positive one.

Think about all the companies that have worked both on Europe and Britain so far, all of those companies will have to find a way to run their business together after brexit and bitcoin could be solution for them, if they are having harder time sending money from one place to another because of brexit they could just buy bitcoin locally and send it to other place and cash out locally and they will solve that problem. I am not a dreamer so I know this won't be the thing most of the companies will do but maybe couple of them will do it which is why I said positive but tiny.

[Kiweikoo]

15 days left for brexit. Will this bring the price of bitcoin and other main cryptocurrency price up or down.
Will uncertainty add to more investor buying cryptocurrency to save the price drop or increase in pound and euro.

Or

Will this not effect the price.

Funny, but I don’t really have time to check up on these things anymore cause I no longer think they are worth. I have seen people talk about how things like this can make the price to skyrocket, they have said many times, but at the end you will come to find out all these are just bullsh**, cause they never work. They will still be released and price will still be where it is or even go down to the worst.

[7788bitcoin]

I am still not sure to make a decision but i tend towards a small increase in price on the short run as people would worry about fluctuations in the value of the Pound.

I really do not see any major difference in the price of bitcoin simply because of brexit, there might be economic implications because of the decision but people will not invest into a platform which is highly volatile like bitcoin because they fear that their economy will go down, if they understand the risk of a high volatile investment platform and they are interested in bitcoin, they you might see some investment, other than that i do not see a major difference.

[Harlot]

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market.  From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than  news and speculation.

[Febo]

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market.  From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than  news and speculation.

It did not do anything because it did not happened. Decision still needs to be made how will be future relations between EU and UK.

[1Referee]

I have seen people talk about how things like this can make the price to skyrocket, they have said many times, but at the end you will come to find out all these are just bullsh**, cause they never work.

People here are a very decent counter indicator. If they think that x event will pump the price of Bitcoin, it's more likely that it won't do anything at all, or even tank the price.

Warren Buffett a few days ago said that he's not worried about the Brexit at all, and even plans to invest in the UK, and that while all the self proclaimed experts and other fools constantly echo how bad the Brexit is for the economy. Who's word do you value more in this case, the word of the best and most successful investor in the world, or the word of a bunch of boobie economists and political drama queens?

[nur rochid]

So I guess we already know the answer by now that Brexit didn't do anything in the crypto market. Great Britain isn't even a crypto friendly country to begin with so even if they pulled out from the market we cannot see any major influence from them not being part of the market.  From the last 30-45 days we have seen Bitcoin impressively go up back up above 5,000$ which was in the range of the Brexit an we obiously saw that nothing really happened related to that. The crypto market's price movement right now is more of its technical side rather than  news and speculation.

yes, at present bitcoin reaches $ 6000, and this is a good achievement, after a while sleeping. Moreover, English is not a country that is very influential on bitcoin, of course Brexit does not have much effect