Bitcoin Is the Surprising Key to Britain’s Post-Brexit Future: DeVere

The United Kingdom should deliberately position itself as a Bitcoin-friendly country alongside Switzerland and Japan to boost the economy of the nation that has been damaged by Brexit.

That’s the opinion of Nigel Green, the CEO of deVere Group, a major independent wealth advisory firm with $12 billion under advisement.

Embracing crypto to boost the post-Brexit economy

In commentary shared with CCN, Green stated that the UK’s economy is facing a high risk of an upcoming recession with Brexit wounding the country’s vital financial services industry.

“Companies across the industry have had to take precautionary action to safeguard their interests. There’s been a steady drain of investment, confidence, talent and activity away from UK financial services – and this is only likely to intensify in the coming months and even more so should the UK leave with no deal.”

Coinbase 2

According to the deVere CEO, Britain’s financial services sector – that makes up approximately 6.5% of the nation’s overall GDP –  could be reinvigorated by creating a pro-business, innovative, and well-regulated market with a focus on attracting cryptocurrency businesses.

[youtube https://www.youtube.com/watch?v=4QMw3qSQrZo?feature=oembed&w=500&h=281]

“How, then, to reshape and reinvigorate UK financial services in a post-Brexit era? A major part of the answer must be cryptocurrencies,” he stated.

Green believes cryptocurrencies are “unquestionably the future of money” and the UK should use Brexit to its advantage by setting up its own crypto-friendly rules while avoiding the EU’s “notoriously slow and burdensome bureaucratic protocols.”

He further said that the expanding crypto market has “already provided tangible economic benefits” to the economies of other nations. A post-Brexit Britain will have a unique position that would allow the country to achieve even larger progress than other nations, successfully rebooting its financial services sector by embracing cryptocurrencies.

“Whilst other jurisdictions focus on the current, the UK should set its sights on the future to be ahead of the game. The UK is already a thriving global fintech and blockchain hub. This should be capitalized on further,” Green added.

Predicting Bitcoin’s bull run

In June, deVere published a press release in which Green predicted Bitcoin would start a major bull run after breaking past the $8,000 barrier against the dollar.

“This could indicate that Bitcoin is on the verge of the next bull run. Crypto history teaches us that periods of low volatility come directly before extended crypto bull runs. Should Bitcoin experience a new run, we can expect it to deliver a boost to the wider crypto market, with other leading cryptocurrencies such as Ethereum, XRP and Litecoin, rallying too,” he stated.

bitcoin price chart
The Bitcoin price continues to trade well above the five-figure mark. | Source: TradingView

And Green was absolutely right. Bitcoin surged from $8,100 on June 13 – the day deVere published the press release – to $13,800 on June 26 in a massive upswing.

Following a brief pullback, the flagship cryptocurrency is currently trading at $12,378.

Live Crypto News Show

Bitcoin Is the Surprising Key to Britain’s Post-Brexit Future: DeVere 1
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 32,548.00
ethereum
Ethereum (ETH) $ 2,074.16
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 290.32
cardano
Cardano (ADA) $ 1.18
xrp
XRP (XRP) $ 0.598070
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.192609
polkadot
Polkadot (DOT) $ 12.94
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 32,548.00
ethereumEthereum (ETH)
$ 2,074.16
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 445.80
litecoinLitecoin (LTC)
$ 120.53
bitcoinBitcoin (BTC)
27.651,97
ethereumEthereum (ETH)
1.762,15
tetherTether (USDT)
0,849575
bitcoin-cashBitcoin Cash (BCH)
378,74
litecoinLitecoin (LTC)
102,40
bitcoinBitcoin (BTC)
23,914.48
ethereumEthereum (ETH)
1,523.98
tetherTether (USDT)
0.734745
bitcoin-cashBitcoin Cash (BCH)
327.55
litecoinLitecoin (LTC)
88.56

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d

bitcoin
Bitcoin (BTC) $ 32,353.00
ethereum
Ethereum (ETH) $ 2,027.87
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 284.75
cardano
Cardano (ADA) $ 1.16
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.582871
dogecoin
Dogecoin (DOGE) $ 0.188474
polkadot
Polkadot (DOT) $ 12.66
binance-usd
Binance USD (BUSD) $ 1.00