As Brexit supporters increase, British people may abandon the pound and choose Bitcoin

Rage Comment : For the first time, the number of people who support Brexit exceeds those who support staying, causing the stable pound price to fall, but Bitcoin has steadily grown to more than $600 during this period. The negative impact of Brexit on the British economy may extend to European countries such as Germany, so they may choose to abandon the pound and use gold or Bitcoin to hedge the risk. Obviously, although the government's attitude towards digital currency has been vague and ambiguous, Bitcoin has quietly and profoundly affected the economies of various countries.

Translation: Annie_Xu

The latest Independent poll showed that for the first time, support for Brexit outweighed support for staying in by 10%, causing the pound to fall from $1.71 to $1.40 in two years.

However, after the price of Bitcoin fell to $160 in August 2015, it maintained an upward trend within a year and steadily rose to more than $600.

There may be a recession

Most people say that China, which is facing economic difficulties, is leading the charge, as there is a $100 price difference between Chinese and Western exchanges. However, as the number of supporters of Brexit increases, the uncertainty of the British economy has also increased significantly, and wealthy British people may fly to safety and use gold or Bitcoin to hedge their risks.

The long-term economic impact of the two scenarios divides experts, but everyone, including Brexit leader Nigel Farage, agrees that Brexit will have short-term adverse effects, including recession.

Schauble: Brexit means leaving the single market

Wolfgang Schauble

Wolfgang Schauble, Germany's finance minister and considered a central figure in German politics, said the British people would not get a trade deal like Switzerland if they decided to leave the EU.

"If a majority in the UK decides to leave the EU, it would mean a fight against the single market. Whether the UK decides to stay or leave, we must respect the sovereignty of the British people."

Those who support remaining say the impact of Brexit will certainly be huge for both Britain and the European Union because the good political environment established after the devastating Second World War will be threatened.

The German people are particularly worried. Der Spiegel, Germany's largest newspaper with a daily circulation of 800,000, has issued special editions and increased its circulation in the UK market, with the cover of all newspapers reading "Please Don't Go".

Exit Europe, choose Asia

The main impetus for Brexit is the ability to strike trade deals with China or India, which the EU prohibits any member from establishing without the EU's arrangement. As Brexit support grows, the EU may make concessions, especially allowing the UK to negotiate its own trade deals, just as the UK made concessions to Scotland two years ago when calls for Scottish independence became mainstream.

The people of Scotland rejected the nationalism of the Western world and decided by a 10% margin to remain in the United Kingdom. It is not certain whether the people of the United Kingdom will make the same choice, but this uncertainty will increase the amount of Bitcoin and other hard commodities in the UK and Europe in the next two weeks as the historic day approaches.