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No-Deal Brexit Could Mean Record Highs for Bitcoin in Global Economy

Sofia Cabrera ​

Summary: CEO of CommerceBlock, Nicholas Gregory predicts that the emerging no-deal Brexit will change Bitcoin's position in the global economy. The possibility of a no-deal Brexit has caused the pound sterling to diminish in value against other currencies. Gregory stated that "Not only will a no-deal departure from the EU create turmoil and volatility across two ...

CEO of CommerceBlock, Nicholas Gregory predicts that the emerging no-deal Brexit will change Bitcoin's position in the global economy. The possibility of a no-deal Brexit has caused the pound sterling to diminish in value against other currencies. Gregory stated that "Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare." Some analysts are convinced that the no-deal Brexit will grow Bitcoin's price to record highs.


Author: Sofia Cabrera 



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