If there were ever a chance of Bitcoin having the opportunity to gain traction in the UK, now would be that time. A trade minister who voted in favor of the Brexit says local business are ‘lazy and fat”. Not the nicest of comments, but also a sign things will need to change sooner rather than later. This could be good news for cryptocurrency, albeit the thoughts of one person may not make a big impact in the long run.
The UK Economy Continues Its Hibernation
Albeit it is still a bit early to gauge the full ramifications of the Brexit, things continue to look bleak in the UK. With the status of “major trading nation” on the line, a wake-up call will need to take place soon. Liam Fox, the International Trade Secretary, paints a very visual and worrisome picture for local companies.
Although Fox was for Britain leaving the EU, the outcome so far is relatively disappointing, in his opinion. Forging new trading relationships should be a top priority yet very little efforts are undertaken. In fact, it appears the local enterprises are resting on their laurels a bit, while the time for action is now.
Liam Fox summed it up