After the Brexit and the US Presidential Elections, Bitcoin is facing another opportunity to reach new record levels in terms of price. This time we have a potential EU exit in the upcoming French elections, which is the most discussed topic in the past few days.
We have the French Elections one week away, with many speculations made by the Front National leader, Marine Le Pen (the contestant with most votes in the first round of elections). As Le Pen is being extremely vocal in regards to France anti-EU, and his raise in voters, the global markets are expected to be shocked, having the EURO and USD facing a new challenge. If Le Pen will win the French Presidential Elections it is highly to start a "Frexit" march.
Just like in the case of the Brexit, a possible Frexit will end up losing market free-access, with many European companies being affected and ultimately will weaken France both politically and economically. Following a Frexit France will have to adopt a new independent currency which will have devastating results on its future.
As we previously witnessed (Brexit, US Elections), when it comes to political uncertainty, there is an increase in demand for Bitcoin and other cryptocurrencies like Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), Steem (STEEM), NEM, Ethereum classic (ETC). This increase is actually the worries of the investors (Mostly for Europe) which are looking for ways to safeguard the value of their earnings. Following this, the increase in the total cryptocurrency market capitalization will easily surpass a total of over $200,000,000,000.00 ($ 200 billion). This will profit both new investors which are looking for the safekeeping of their funds and as well the ones exiting as most of their profits will be reinvested in the same market.
It will eventually surpass the 1 trillion anyways... No matter what! Nice to hear this news though! Good post :-)
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This post received a 1% upvote from @randowhale thanks to @pizzachain! For more information, click here!
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I completely agree with the 1 trillion forecast in the upcoming years (I am actually gathering yearly data to prepare a complete article which will be about reaching the 1 trillion stage in 2019). "Can't wait to buy rumor", Happy trading ! :-)
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I'm not good at selecting individual cryptos though, so do you know a way to invest in the whole cryptomarket at once without buying every individual cryptocurrency by hand? Because that would essentially take hours upon hours...
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There are many trading bots that can be set up to do so, however myself I do not use them (I have tested) and as well do not recommend them. A strategy to invest in the entire market is by far not recommendable since around 50% of the ICO's do not pass the 1 year stress test. For the past 3 years the most profitable way of investing in cryptocurrencies has been long term investment portofolio with a max of 25 best picks (coins that proved they are launched for the long run, and will have a global purpose), however as a beginner a 10 coin portofolio will be much easier to build and monitor (on blockfolio app for example to see the total value of your coins).
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still... If you are sure it will go from 200B to 1T, you'd make 400% profit if you bought every crypto...
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Very true, simple math :)
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