Britain Formerly Leaves The EU; What Does This Mean For Bitcoin?

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. Trade negotiations are expected to continue until the end of the day.

Economic Uncertainty Is Good News For Bitcoin

In times of economic uncertainty, Bitcoin soars. In the last week, this has been evident as the asset soared during the worst single-day performance on the U.S stock market since October. This was as a result of growing fears about the Coronavirus that has claimed more than 150 lives and continues to spread across the world. This virus has been reported to have spread to over 40 countries and infected over 10,000 people. It has also brought the Chinese economy, where it originated, to a standstill. If it continues to spread and strangle…