Brexit will force the British to pay attention to bitcoin

In the long term, Brexit is positivewill influence the development of the UK cryptocurrency industry. The UK is more friendly to the cryptocurrency market,  than EU regulators.

British Prime Minister Boris Johnson insists that the kingdom will leave the EU on October 31, despite the fact that parliamentarians voted for a delay (322 MPs against 306). 

A high likelihood of a no deal Brexit would see the pound sterling weaken against the euro. Popular trade expert insocial networks Glen Goodman believes that Brexitwon't push investors away from the UK, but they will look to hedge their sterling exposure with Bitcoin and other cryptocurrencies. 

Bank of England confirms national weakeningcurrencies. Since 2018, the growth of the pound has slowed down and did not reach the expected level against the backdrop of uncertainty. The British CBI, the Business Optimism Index, fell 19 points.

Cindicator Analytics Investor Surveyshows that 62% of respondents intend to transfer part of their assets to Bitcoin and Ethereum due to the uncertainty of the national currency. Another 19% believe that Brexit will not affect the pound. The same percentage of respondents claims that cryptocurrencies will weaken due to Britain's exit from the European Union.

Meanwhile, the Bank of England put forward the conditions on which it is ready to accept Libra.

text: Dmitry Tokarev