The UK general election resulted in a landslide victory for the Conservative party yesterday.
The result caused the pound to rally to an 18 months highest.
As global currency markets respond to the resounding result, Bitcoin and gold begin to stutter.
Unfortunately, the renewed of confidence in economies might cause a sustained rally in the stock markets and cause a negative prospective for cryptocurrencies.
Meanwhile, Bitcoin is in the midst falling and dropping in value, and retail interest is getting lesser.
According to experts, Bitcoin might come to a lowest point, with price targets at $3,150 and $1,800.
Bitcoin started since 2009 financial crisis, as the citizens losing trust in traditional banks and wanting to find a safe house.
The results of the UK election is assurance of Great Britain swiftly leave the EU in early 2020. And this will diminish the uncertainty in the European economics and stock markets.
As banks and traditional capital markets regain strength, Bitcoin has begun to falling. But does anyone still remember, during the end of 2017, bitcoin value reach $20,000.
Although Bitcoin cant prove itself for the value yet, but the continues development of digital currency still can support the idea that bitcoin is still has it value and it can be grown unpredictably to a new high again.