Italian Referendum Could Send Global Investors to Bitcoin
This year’s Brexit vote caused turbulent economic times for European residents, as many sovereign currencies and stocks plunged. During this period, the British exit from the EU caused Bitcoin’s value to spike as many turned to the decentralized currency as an economic safe haven. On December 4, the cryptocurrency’s price may rise again as the Italian....
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Tomorrow's Italian Constitutional Referendum may turn out to be a good thing for Bitcoin, irrespective of the outcome. The economic condition of European Union nations hasn’t been that great so far. Be it the Greek financial meltdown, Spain’s tryst with the economic crisis or the latest Italian banking crisis. As Eurozone jumps from one crisis to another, the latest one lurking around the corner is the Italian Constitutional Referendum. The referendum to make constitutional reforms is a significant development in the European Union after Brexit. The Italian Constitutional Referendum, set....
As many economists predicted, the Italian constitutional referendum of 2016 shook the country’s banking system to the core. Italian bank stocks have plummeted drastically since the referendum and it comes at a time where the digital asset bitcoin is seen by investors as a safe haven. Furthermore, Chinese bitcoin interest has grown exponentially as the....
Those of you who are Bitcoin veterans know that political upheaval, economic turmoil and general uncertainty in the global markets are great for the value of Bitcoin in the immediate future. For those that are new to the Bitcoin community, welcome to “upward volatility” as Bitcoin is expected to see a very positive week after the changes made in the Eurozone on Sunday. The EU continues to show a combination of populist anger and an overall pivot away from the globalist EU governance model as Austrian and Italian voters demand changes that should help Bitcoin close the year on a high note.....
Bitcoin experts have long understood that political uncertainty is great for the growth of the cryptocurrency, at least in the near future. This is why the Italian referendum and the victory of “no,” has created speculation that the resignation of Italian Prime Minister Matteo Renzi would increase the price of Bitcoin to $800. Italexit. Bitcoin may grow in the near future, as several investors believe that the vote of “no” is a signal of instability within the Italian financial sector, which could lead to a decision for Italy to leave the Eurozone (Italexit). This “bad” news for Europe may....
Monte dei Paschi, the oldest banking institution in Italy may soon be rescued by the government. It can potentially drive investors towards Bitcoin. The cryptocurrency community is elated to see the price of Bitcoin hit the roof. But the scene isn’t so rosy for many Italian investors who decided to trust the country’s fiat economy and invest in one of the country’s leading banking institutions— Monte dei Paschi. Italy has been going through a rough patch since the past few years. The country’s failing economy has gotten much worse lately and the recent referendum for the constitutional....