The Impact of Brexit on Dacxi

With the Conservative party’s overwhelming win in the British elections, Brexit will occur by the end of January, and my guess is that the UK will be effectively out of the EU by the end of 2020.

This is one of the greatest political and economic events of the past three decades in Europe and we need to evaluate its potential impact on Dacxi.

Before we discuss this I want to inform readers that since the early 1990s, I have been a keen observer of European economics and politics, especially the UK. I have lectured on the subject many times as I have been one of the leading futurists in the opportunities market for a long time. Only by studying what is happening in society and the economy can we work out WHY people are looking for new income opportunities. This has been a passion of mine since the days of Thatcher.

I dont want to get into any major analysis on whether Brexit is a good or bad idea. It’s happening. Frankly, I was amazed more people did not vote for Brexit given how much the British middle and working class are suffering in the new digital age. It makes no economic sense for the UK to be in the EU with its low growth, excessive regulations and weak European economies. Additionally, the idea that the fifth largest economy in the world cannot ‘survive’ on its own is simply laughable.

Predicting how Brexit will happen is challenging, but I suspect that the Conservatives now have the power and the brains to make a clean, fast cut in 2020. The Conservative bosses know that they hold all the economic cards given the GBP100bn annual trade deficit with the EU. One of the world’s biggest economies now has the chance of doing deals, so the countries of the world will be lining up.

At Dacxi, we just want to determine the impact on bank deposit rates and the public’s willingness to look at alternative wealth opportunities, i.e. crypto.

This news guarantees ultra-low bank deposit rates for years, as the European Bank will keep printing money to inflate the already flagging EU economy. The U.S must also keep printing money given the risk of an economic slump going into an election year. Ultra-low bank rates are fantastic for Dacxi, as it means that the public who have GBP1.7 trillion in retail deposits in the UK and Euro 100billion in the bank in Ireland, must increasingly look for alternative solutions to losing their money in the bank.

The Brexit decision will now create more certainty economically. Originally, it created incredible uncertainty, so people didn’t take action. But now, Brexit means the British are more likely to make economic decisions; and this is great for Dacxi. We need the public to look at their situation, see they are losing money keeping their cash in the bank, and decide to look at alternatives. Switching some cash into crypto. A simple action that will protect their wealth for years to come.

Thats it. No need to go into endless discussion.

I think the Tory win and impeding Brexit are fantastic news for Dacxi and our customers. It makes us more excited about 2020, and I hope you are as well.