With Italy making a big statement to not follow with the imposed European Union budget (see this crazy sequence:
https://www.youtube.com/watch?v=erSSC85CME4 ), things are starting to get serious. Salvini may be nuts enough to not be bluffing.
Are we going to see the start of the biggest EU crisis yet? Italy is no Greece, it is too big, if the same scenario happens (this time with the far right instead of far left but same result) are we going to see an impact on the Bitcoin price?
If Italy goes Greece the consequences will be felt all over the world IMO.
While we might not be able to separate the happenings in the fiat economies from crypto, I still don't see the direct effect it could have on the subject matter. Italy is no doubt a significant stakeholder in the EU and the disagreement they are having to spell doom in certain areas of the EU economy but that does not translate to either the upward direction or downward direction of the price of bitcoin. Just like BREXIT era, economy handlers would surely figure out ways to navigate the storm. The same thing happening in the trade war between the United States and China or trade dispute between United States and Mexico. It does not directly impact the crypto market.