27 Jul '16, 5pm

Will Brexit and China Continue to Influence Bitcoin Prices?

Will Brexit and China Continue to Influence Bitcoin Prices?

The devaluation of the Chinese yuan and the financial impact of Brexit are long-term factors which will determine the health of the economies of China and the UK. Thus, investors will continue to seek for alternative highly liquid assets to avoid being involved in a financial turmoil, which will increase the demand for Bitcoin and ultimately, its price. Economic instability is good for Bitcoin Financial experts and analysts have emphasized the indirect correlation between the demand for Bitcoin and international economic instability for quite some time. In early 2016 for instance, legendary veteran investors including Marc Faber stated that with the exception of Bitcoin, all asset classes have performed poorly. During an interview with Bloomberg, Faber suggested that the independence and decentralization of Bitcoin benefits from the plummeting value of government and econo...

Full article: https://cointelegraph.com/news/will-brexit-and-china-cont...

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