RATE Group | No-deal Brexit to send Bitcoin to the stratosphere
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No-deal Brexit to send Bitcoin to the stratosphere

09 Aug No-deal Brexit to send Bitcoin to the stratosphere

Posted at 08:39h in Cryptocurrency News by

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  • Geopolitical factors have become strong catalysts for Bitcoin.
  • No-deal Brexit will create preconditions for a strong Bitcoin growth.

While Bitcoin is still well below its all-time high of $20,000 hit at the end of 2017, some experts believe that the first digital currency is poised for solid gains due to geopolitical landscape and macroeconomic uncertainty. According to Nicholas Gregory, CEO of blockchain firm CommerceBlock, BTC may set a new maximum before 2020. 

“Bitcoin has rediscovered its mojo this year with multiple mini surges, but a no-deal Brexit could see a massive and unprecedented breakout. “Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, but it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare.” ” he said in the interview withThe Independent.

This positive stance is shared…

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