Heroes of Ukraine

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

Saturday, 30 May 20:41 (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 »
 

EU To Launch Anti-Crisis Fund

France and Germany, the economic leaders of the European Union, have promoted the idea to start a special fund to back the economic recovery after the crisis.
Publication date: 30 May 04:31 AM

Choosing Forex Brokers Wisely

Choosing the right forex broker to go with is a big challenge for most traders and investors out there. This challenge requires taking a lot of factors into account. Transaction expenses should be one of the key factors when making such a choice. They are crucial when it comes to trading, but when it comes to long-term investing, the safety of client funds almost matters a lot.

Publication date: 28 May 12:29 PM

Forex and Cryptocurrencies Forecasts. End of May 2020.

Right before the start of the last trading week of May, 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. The period is May 25th - 29th. So, this is what those predictions look like:
Publication date: 24 May 01:41 PM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Publication date: 25 April 11:54 AM

Bitcoin Grows. EOS May Lead The Market Thanks To Blockchain

Bitcoin gained a good momentum along with the rest of the cryptocurrency market after good news from China. However, EOS may become the locomotive of the movement.

Publication date: 22 April 01:54 AM

DNB's Open For CBDC

De Nederlandsche Bank (DNB), the central bank of the Netherlands, is reported to be open for the CBDC of the ECB. CBDC stands for central bank digital currency. This was officially backed by a 45-page report released on April 21st. With that being said, DNB is ready to play one of the key roles in adopting digital currencies by the global banking system.

Publication date: 22 April 12:47 AM

Bad Economic Figures From USA. Wall Street Reacts.

This time, we are dealing with a peculiar situation. In particular, now that we are facing truly bad figures, the market reaches to them not the way we expected. When it comes to fighting the COVID-19 pandemic, there's almost no positive progress. That's is why international investors are now trying to find some good news in the economic field. Can we actually see some improvements?

Publication date: 02 April 04:04 AM

Dollar Regains Strength, NordFX Reports

Right before the start of another trading, 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. The period is March 30th - April 3rd. So, this is what those predictions look like:

Publication date: 01 April 02:15 PM

Binance and Cryptocurrency Exchange

These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.

Publication date: 29 March 11:24 PM

Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic

Publication date: 22 March 07:48 AM