On Friday 31st, Britain formally left the EU, ending a three-year wait. Its exit from the world’s largest trading bloc brings hope and fear to British citizens. Uncertainty surrounds the exit ordeal and in this Bitcoin is expected to shine. Although Britain has exited the EU, they are far from the end of their negotiations.
The battle over Brexit rages in Parliament – but the fight over the future of the UK’s relationship has also resulted in turbulence for the markets. The Pound jumped to $1.3290 after late night talks in Strasbourg on Monday night brought the prospect of success for Theresa May’s withdrawal agreement – and Sterling also reached
Bitcoin and crypto market are slowly making recovery after three days of the street running red while constantly making progress in development and adoption. Meanwhile, at global level trade war escalation is looming, markets are experiencing dip while some fiat currencies are gaining & others are plunging hard with Brexit situation worsening and painting a
The UK is tightening the noose as it states a no-deal Brexit would lead to several consequences viz. companies would suffer from red tape, costly payments, and border delays while Britons living in EU can lose access to their UK bank accounts. This will certainly become a catalyst for Bitcoin adoption and boom as people
The US-China trade saga is intensifying that just might turn into a full-blown trade war as both the countries announces 25% tariff each. In the meantime, fiat currencies like Pound and Euro are taking a hit. Though Bitcoin is currently registering losses, in the long term, these scenarios can drive investors into the crypto market.