Brexit is finally underway. By January 2021, the UK will be in a new position to help redefine itself in the world of global trading. Hopefully, it's going to put the country in a far more flexible economic environment. Free from the shackles of EU trading coffers, exciting times lie ahead, not only for businesses and their owners but for everyday people. As we recently explored, the energy sector is just one side of British business that is going to need to adapt quickly.
If there is one thing that the Brexit process has taught us over the past year, it is that fiat money reacts poorly to political change. During some of the more dramatic moments of the Brexit deal negotiation, the value of GBP fluctuated regularly. Even now, with Prime Minister Johnson's deal having taken shape, the markets are notoriously shaky. This remains a little disconcerting, especially given the fact that parliament has outlined numerous potential trade outcomes once 2020 is over and done. Once Brexit solidifies in the months to come, we have little doubt the physical markets will recover. However – what if there's an altogether more lucrative opportunity waiting for you to unlock online?
Investing in Bitcoin post-Brexit
It will take time for British markets to acclimatise to Brexit. However, many people may benefit from taking their investments to a digital platform. Cryptocurrency, for all its notoriety in the press over the years, is still holding strong. It is still helping to make investors money, free from red tape and centralisation.
There are opportunities across the pond and not just in the United States, access to the bitcoin casino canada is also attractive.
It's one of the reasons why bitcoin is so popular. As it is free from any kind of central oversight, political events and seismic changes never sway it. During Brexit negotiations, bitcoin and other cryptocurrencies carried on as usual. Regardless of what is happening in the world, it is always business as usual for crypto.
Without any of the EU-style handcuffing, digital markets give investors more freedom and more privacy. They can trade in money cross-border without the need for waiting long periods. There are no unnecessary fees thrown in along the way. It's a process where the seller sells, and the buyer buys. It's an inspiring system.
Could Crypto Investing Appeal to British Money-makers?
In many ways, cryptocurrency will be very appealing to those who voted in favour of Brexit. The world is growing less dependent on unnecessary admin. Bitcoin, for example, is secure and steadfast thanks to its lack of middlemen. What's more, cryptocurrency is easy to invest in. Anyone keen to get into bitcoin could simply head to the Bitcoin Evolution platform, open a digital wallet, and start converting fiat cash into digital money. It really isn't as complicated as it all sounds.
Therefore, cryptocurrency could have a lucrative place in post-Brexit Britain. The law, unfortunately, is yet to commit to where it really stands. With Britain ready to look into new, exciting ways to trade without the constraints of the European Union, it surely makes sense to embrace crypto to some extent.
Is Crypto too Volatile for Britain?
Many British businesses and finance experts express concern that cryptocurrency is often too volatile to fall back on. There is some truth to volatility. Bitcoin, for example, will often spike and fall from day to day. A business staking all of its money in crypto is still a risky policy.
However, we need to consider the positives. Bitcoin is global currency. Unlike markets rooted in central banks and through EU red tape, exchange between countries is instant. It is also private and secure. There are no waiting times for exchanges to take place. A user in the EU could easily pay a user in Britain, post-Brexit, without needing to worry about exchange rates or how long it will take for EUR to convert to GBP.
Post-Brexit, we must all start exploring new ways to embrace global trade. Britain establishing itself as a free mover will open up many new doors. For homegrown investors, this could all start by approaching more global opportunities through crypto trading.
Will the Law Change Soon?
It's not too clear on when British law will make its mind up on bitcoin. There are rules and regulations already in place. However, there is still a feeling of non-committal. At the time of going to press, it is clear that the prime minister and the government have more pressing engagements – with overseeing Brexit and steering the country through Covid-19 being the most critical priority.
Therefore, it may not be until 2021, when Brexit finally comes to pass, when we know a little more about where the UK stands on cryptocurrencies. However, it certainly doesn't hurt to start researching now, ahead of any major developments.