Revisting the Famous 2019 Bitcoin Price Prophecy: Boris Johnson and Britain’s Worst Constitutional Crisis in 500 Years
Is this the worst constitutional crisis? How does Bitcoin (BTC) will help the situation? Bitcoin (BTC) is increasingly being used as a safe haven asset across countries with financial, economic and socio-political problems.
Look at Venezuela’s recent pump in Bitcoin demand following fresh economic wars with U.S, Iran focused on Bitcoin mining once sanctions were drawn up, Zimbabwe hyperinflation has turned the populous to BTC holders and the same is spreading across Britain as the country faces a potential “no deal” Brexit.
Britain’s constitutional crisis worst in 500 years
The kingdom that introduced half the world to democracy is now in a constitutional crisis not seen in 500 years. On August 28, Boris Johnson, U.K Prime Minister, made a shock decision asking the Queen to suspend Parliament one week after recession till the Queen’s Speech on October 14th.
With Brexit set to officially occur on October 31st, many are asking if there will be enough time to pass ‘deals’ in the two weeks that follow. Or is this a plot to altogether do away with a deal with the EU and go the “no deal” way?
“What the prime minister is doing is a smash and grab on our democracy to force through a no deal,” said Jeremy Corbyn of Labour Party.
Bitcoin flourishes in chaos
While we should not be rejoicing at the commotion and constitutional crisis facing Britain, a good fortune awaits Bicoin if a “no deal” Brexit occurs on October 31st. (Read more here)The possibility of the housing market crashing and the overall economy performing poorly, will see the demand of BTC in the country spike as the investors look for a safe haven assets to preserve wealth.
One Bitcoin investor and trader, 4Chan, has since been spot on predicting BTC’s price. The trader predicted spikes seen on April, June and the slowdown in August and September. In October, the predictions spike up to $16,000 USD and “a no deal” Brexit could be the key to the spike.