Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 17 September 06:43 (GMT -05:00)



Foreign exchange market

Will Brexit Affect Bitcoin?


Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
As you probably know, that the Brexit is coming, which has already made the British Pound drop against other major currencies, including the Euro and the U.S. Dollar. At the same time, Bitcoin skyrocketed from 4000 dollars in June all the way up to 12000 dollars at this point. It's still far away from the all-time high at 20K dollars but experts say that economic and political tensions may push the cryptocurrency all the way up to this level and even higher by 2020.
 
In his interview to THe Independent, Nickolas Gregory said that in 2019, Bitcoin was rediscovered as an amazing asset thanks to many new improvements but the Brexit may trigger an even bigger breakthrough. In particular, he thinks that the hard Brexit scenario, the one without signing a major agreement, will not only result in uncertainy and instability between some of the major currencies, but will also trigger a global identity crisis since it will show how unexpected situations may jeopardize major currencies.
 
Even though the BTC exchange rate is constantly changing, so,e investors think this is a safe-haven asset because of the limited supply. The absence of borders and decentralized infrastructure also make Bitcoin less vulnerable and sensitive about the situation in a specific country or market.
 
Nigel Green, CEO of Vere Group, called Bitcoin an asset avoiding security during times of market uncertainty, thus acquiring the status of a digital gold. The recent report published by Bloomberg seems to confirm that statement. The thing is the correlation between Bitcoin and gold has tightened over the last 3 months. This may well have to do with the trade tensions between the United States and China, NordFX experts say.
 
Long story short, Nicolas Gregory and his supporters belive that in 2020, a more populist and unstable world will only strengthen the status of Bitcoin and other altcoins as safe-haven assets, especially if central banks around the globe start printing money again. If to consider the fact that all cryptocurrencies are limited in volume that can be mined, each time major central banks start printing more fiat money, this brings us closer to a world without fiat money, where cryptocurrencies rule.
 

 

565478568-2019-08-09.jpg

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Bitcoin ETF Decision is Delayed by SEC

The SEC, the USA's chief financial regulator, decided to delay the Bitcoin ETF decision once again. If the ETF had received the green light, we would now see it trading on CBOE and NYSE Arca. However, the Securities and Exchange Commission decided to put on hold the decision on three ETFs: VanEck / SolidX (CBOE), Wilshire Phoenix, and Bitwise Asset Management (both related to NYSE Arca).
 
Publication date: 15 August 01:00 AM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM

Dollar Rate Is Close To 2-Month Highs

The U.S. Dollar is trading around Friday's high while the basket of 6 major currencies is on its way to the second profitable week, waiting for another GDP report from the USA. The dollar rate support a wider spread between the German and American bonds yields.

Publication date: 28 July 08:28 AM