Trump and Brexit Make Bitcoin an Appealing Option for Investors
In a highly eventful program of events for economy watchers, last week saw UK prime minister Theresa May announce that Brexit was going to mean the UK leaving the single market, Trump being inaugurated as the 45th president of the United States, and the European Central Bank announcing that there would be no change in interest rates and no dialling back of current quantitative easing measures. All but the latter were events that have had an impact not just on the currencies that relate to them in the forex markets, but also investments into other things – especially ‘safe haven’....
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Analysts have described a possible Donald Trump election victory as the equivalent of Brexit II. Financial markets were in disarray after that geopolitical surprise, though they rebounded. Big banks have predicted, however, that a Trump presidency might have even bigger implications than Brexit. Indeed, early results, which admittedly might be heavy on states considered Republican strongholds, put Mr. Trump ahead of Ms. Clinton. Markets have been confused throughout much of the day. Silver, considered a safe haven, was a top ten performer early in the day as natural gas tanked. Things have....
BetChain has enlisted the services of its favorite exterminator, to make sure that all your Brexit fears are eliminated. As Britain gets ready to make a decision that can potentially change its future standing, and traders rush to place their bets on the right assets, BetChain has a solution for that Brexit infestation. Take your mind off the future of the pound and make a run for a huge Bitcoin or Euro jackpot. BetChain has enlisted the services of its favorite exterminator, to make sure that all your Brexit fears are eliminated and you can focus on the thrill of gunning for those huge....
Unlike other “traditional investments’ Bitcoin operates in a completely different matter. Short-term gains or losses are not guaranteed, making it less appealing to investors. Hardly anyone will be surprised to hear the Chinese Yuan continues its devaluation in the wake of the Brexit. In fact, the Chinese Premier mentioned how the entire global financial could collapse as a result of this outcome. At the same time, this news opens more opportunities for Bitcoin, assuming people are willing to take the risk. Individuals who have been following financial news over the past few months will....
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....
"Not sure what to expect exactly..." That the sentiment of at least one major bitcoin exchange executive yesterday as Americans took to the polls in what the New York Times would ultimately call a "stunning repudiation" of the political system. Hours later, Donald Trump, the billionaire and former reality TV star, was elected president, but the markets had already responded. As reported by CoinDesk, many traders were expecting a Trump upset to boost the bitcoin markets, with some comparing it to a "Brexit" scenario for the global markets. In that surprise....