Bitcoin is getting very stable against the dollar as investors look for alternative storage of value. Sterling, however, continues to drop on no-deal Brexit worries. Personally, I think Sterling will continue to fall and a no-deal Brexit could result in never before seen lows against every other currency.
So purchasing Bitcoin at the moment may be a good move against GBP if you can. But anything can happen.
If a deal is agreed with the EU and the market likes it there could be a huge rally of GBP against everything. But at the moment it’s in the doldrums and I can’t see it coming back any time soon.
As I said, anything can happen.
Etherium is not doing too well, unlike Bitcoin with a nice bounce up and down, it’s just floundering around and looks as if it may find further lows. However, it could just be a correction and a break above the last high could result in a further rally. I wonder if Bitcoin moving up will encourage even further highs from Etherium.
*Please do your own research, remember that every person or system simple speculates on what might happen and no one can really predict the future.
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