Brexit to Lead Bitcoin Price Beyond $800?
Following Brexit, the digital currency is expected to rise and cross the $700 mark soon and maybe even touch $800. The value of Bitcoin has shown a significant increase from what it was a couple of days ago, following the Brexit Results. The digital currency, which was exhibiting healthy gains in the past few weeks registered a significant drop during the last weekend, only to get back on its feet after the Brexit results. Bitcoin is being increasingly referred to as a safe haven asset, along the same lines as gold. Both gold and bitcoin are financial instruments, but unlike other....
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Britain’s Supreme Court has ruled against Prime Minister Theresa May stating that she does not have sufficient authority to enact Brexit alone, upholding a High Court decision that ruled it unconstitutional for Ms May to formally trigger Article 50 without first consulting MPs. According to Attorney General Jeremy Wright, who gave a statement after the Supreme Court Brexit ruling, he said that the Government was ‘disappointed’ by the decision to hand over power to Parliament in what many consider an historic battle, by a majority of eight to three. However, in a report from the....
Another bitcoin price hike is in the books following the unexpected Brexit. At press time, bitcoin has started a recovery and is now hovering around $655 USD. Bitcoin and Brexit. Bitcoin was doing quite well last week, having surpassed the $700 without much trouble, but ironically, things took quite a plunge at the same time that the UK voted to leave the EU. Actually, the two appear to be directly linked. The Brexit is affecting trading across the globe, even if they don’t seem related. For example, bitcoin trading is at its highest in China. At present, the country is responsible for....
Several factors have lead to a surge in the price of Bitcoin this year. One of the main factors has been the instability in China and Bitcoin emerging as somewhat of a safe haven. The Brexit referendum too led to price hikes in Bitcoin. There are still underlying factors present that could give the cryptocurrency a further push upwards. According to an article by Forbes Bitcoin transactions could triple. Forbes cited Juniper Research, a UK based company that specialises in identifying and appraising high growth market sectors as saying, “the total value of Bitcoin transactions is expected....
A new poll by the Independent puts Brexit at a 10% lead over remain for the first time ever, sending the British pound tumbling down, reaching a low of $1.40 from $1.71 two years ago. At the same time, Bitcoin has been on a year-long up trend after reaching a low of $160 in August 2015, seeing a stratospheric rise past $600 in a bull run. Recession may be ahead. Most are suggesting China, which is facing its own economic difficulties, has been leading the charge, not least because at one point there was a $100 spread between Chinese and western exchanges. However, as economic uncertainties....
The Brexit vote has come and gone, and while anti-Brexit petitions have arisen among the turmoil, many U.K. residents who have their savings stored in British pounds recently woke up to discover themselves eight percent poorer than what they’re used to. Bitcoin Price Is Falling, Still Doing Much Better Than the Pound. The British Pound has fallen in value since the Brexit vote took place; it now stands at the lowest it has been since 1985. Unfortunately, bitcoin’s rise is also witnessing a temporary halt. Since our previous price piece, which saw the digital currency hovering at around the....