on the crypto
There are now many observers who have noticed the jump to the top of the Bitcoin price, and therefore cryptocurrencies in general, at a geopolitical crisis.
If in the last few days the one following the US-China tariff war has returned to appear, the background remains always in the background Brexit, or the imminent exit of the United Kingdom from the European Union. An event that could become catastrophic for the world economy where the exit was hard, or without a prior agreement between the counterparties capable of weakening the expected consequences.
Brexit: earning potential for those who invest in virtual currencies?
News of these days seems to support the thesis of cryptocurrencies seen as a sort of safe haven for investors in anticipation of an imminent crisis. The exchange OKEx has in fact released a statement on Brexit, stating that it could not only offer investors excellent earning opportunities in the cryptocurrency sector, but also benefit the entire crypto ecosystem.
The post in question was entrusted to Medium and it has really related the trade war between the USA and China and Brexit in the hard version proposed by Boris Johnson, the new Premier who has recently taken the place of Theresa May, unable to get the country out of the impasse that fell after the Leave triumph in the referendum on whether or not the United Kingdom remained in the European Union.
Analysts' opinion
Moreover, OKEx's opinion is basically shared by a large number of analysts, as recalled by a recent study conducted by Cindicator Analysis, according to which the Present in several = 63% of those who have been interviewed, believes that Brexit will still be a major source of uncertainty on the market for a long time to come. It amounts instead to Present in several = 73% the percentage of respondents who expressed their intention to add virtual uniforms to your investment portfolio, in particular those with high capitalization such as Bitcoin, Ethereum and Litecoin.
The report of the Institute for Government
The OKEX press release goes back to its analysis a report published by the Institute for Government right on Brexit, in which the organization claims to consider the chances of the exit without a prior agreement with the EU high. Hypothesis strongly feared by analysts and by the political and financial system as such could trigger a phase of considerable tension on the markets, endangering a still problematic economic situation.
At this point, it should be remembered that the EU itself is one of the UK's major trading partners and, above all, the natural landing for almost half of British exports. A factor that has gone to reflect on the quotation of the pound, which in the past days has reached its lows against the dollar.
Bitcoin growth
In confirmation of what the exchange said, it should be stressed that since the decision to take the United Kingdom out of the EU was ratified, Bitcoin has experienced a resounding growth of over 1000%. A totally unusual performance even in a volatile area by definition such as that represented by the financial markets.
