Brexit is the abbreviation for “British exit,” and it has come to mean two things: the UK’s departure from the European Union; and the June 23rd “in or out” British referendum on leaving. How will the vote affect bitcoin and gold?
Also read: Bitcoin Price Lift-Off Might Be a Moonshot
Where Things Stand
No one knows what will happen with currencies or politics. Wild speculation is driven by the apocalyptic predictions of anti-Brexit officials such as European Council President Donald Tusk, who declared, “UK leaving EU could spell end of Western political civilisation.”
Of course, many would say that’s a good thing.
Meanwhile, anti-Brexit British P.M David Cameron warned the public that a ‘no’ vote could trigger World War III. Raising the image of “lines of fallen British soldiers’ graves on the continent,” Cameron cautioned a local gathering, “[w]hat happens in our neighbourhood matters to Britain. That was true in 1914, 1940, 1989. . .and it is true in 2016.”
The pound and euro have already reacted by falling, and they seem poised to follow politics off a cliff. A recent headline (June 12) at Zero Hedge read “’Leave’ Takes Shocking 19-Point Lead In Brexit Poll – If It Happens,