Tomorrow Catalonia will try to vote for independence, and Spain will try to stop them (looks like they might get violent).
IF the Catalans vote to leave and declare independence, then all hell will break loose, and we might see a flight to safety towards bitcoin. It depends entirely on how ugly it gets.
Im surprised to not see any threads about this. If they actually go through with it and declare Independence unilaterally, it could cause a lot of problems. If it becomes an international problem outside of Spain, it could escalate quickly to an European crisis, in this sense, BTC could become a very strong safe haven, as it always is thanks to Bitcoin being a neutral store of value/currency.
Have you seen the news? The Spanish police are attacking civilians, and the Catalan firemen have come out to try to protect civilians from the Spanish police. Rubber bullets have been fired and over 300 injured.
Because ballot boxes are being snatched by the police, they'll probably not be able to count the ballot - but I wouldn't be surprised if the Catalans just said, "Eff this, we're declaring independence". If they do, they are out of the EU and the euro might be in trouble (as Spain is a eurozone member). It should in theory make the bitcoin price rise as it is an independent store of value.
It for sure will go up if that happens, but Catalonia wouldn't be recognized by anyone with political and economical weight which is why they are better off in Spain, and I see it as very unlikely that their politicians are stupid enough to go on with this. The polls are weak, there isn't a clear majority of people that want to leave. It would be a mistake for them to keep pushing this nonsense. They wouldn't be any more free and they will not enjoy being part of Spain which is a recognized place. Most people doesn't know where Catalonia is compared to Spain. Their politicians would also be responsible for causing a civil war by declaring a republic over a weak referendum. The rest of people that want to remain in Spain aren't going to sit down and watch as this unfolds. I hope a peaceful solution is achieved.