Bitcoin $800 Price Alert As Pro-EU Italian Prime Minister Resigns After Referendum
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.....
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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....
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In the wake of the voting yesterday, Greek Finance Minister Yanis Varoufakis realized that he would not be able to stay on as finance minister. He explains it as such on his blog, saying: Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my... 'absence' from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason, I am leaving the Ministry of Finance today. Kostas Koutsaftikis / Shutterstock.com. This could be an....
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....