July 20, 2024

UK exit from the EU will lead to an increase in bitcoin to $ 1 million

UK exit from the EU will lead to an increase in bitcoin to $ 1 million

Over the years, along with political and financial events, the price of Bitcoin (BTC) has changed, so expertsBrexit, discussed all over the world, is no exception. According to an article in the International Business Times, Brexit could lead to an increase in bitcoin to $ 1 million per BTC.

CEO Josh Riddett Easy CryptoHunter notes that Bitcoin volatility is not undergoing significant changes. He also predicts that over the next decade, cryptocurrency will be used to pay for almost any services and goods. In addition, another major event will occur in the crypto industry — Bitcoin price will rise to $1 million.

Bitcoin is already quiet for many investorsa haven for investment in the event of a crisis. According to Riddet, closer to Brexit, transferred until January 31 of this year, more and more people will pay attention to cryptocurrency, which will increase its value.

Unlike bitcoin maximalists, including JohnMcAfee, Riddett believes that price will not skyrocket overnight. Progress will be gradual, it will take about 20 years, but Brexit can be a good starting point.

According to the expert,In the UK, cryptocurrency will be increasingly used to purchase products and, possibly, to pay wages. In addition, ten major cryptocurrencies will be used in the coming years, not counting Bitcoin.

“20 years ago, the transition to payment throughcryptocurrency, although then it was common to pay by check and cash, even contactless payment was then new. In the next 10 years, we will see a similar transition from fiat payment to payment in cryptocurrency. ”

If these forecasts are realized, then the financiala new era will dawn on the industry. Volatility will decrease, making buying coffee and other everyday payments for cryptocurrencies no longer a hassle.

At the time of writing, Bitcoin was priced at $9,240, having lost 1.60% of its value in the last 24 hours. Well, in the next 20 years, bitcoin has enough time to reach dizzying price heights.