Brexit Collapse Could Trigger ‘Massive and Unprecedented Bitcoin Breakout’, Says CommerceBlock CEO

The head of blockchain tech firm CommerceBlock says a no-deal Brexit could be the next major catalyst for Bitcoin.

In a no-deal outcome, Britain would abruptly exit the European Union on October 31st without any formal agreement on the so-called “divorce” process.

CommerceBlock CEO Nicholas Gregory told The Independent he believes the fallout could be big for BTC.

“Bitcoin has rediscovered its mojo this year with multiple mini surges but a no-deal Brexit could see a massive and unprecedented breakout.

Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare.”

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