Topic: [2016-07-07]Crashing UK Real Estate Market Presents Bitcoin invest Opportunities (Read 372 times)
July 07, 2016, 12:22:17 PM
Yeah, a huge stretch to tie it to Bitcoin. And it is written as if it is an ESL product.
July 07, 2016, 12:18:57 PM
This article is really reaching for a Bitcoin link and has failed. And a run on Bitcoin would be way faster and a lot more brutal. I hope the UK property market does correct massively but I don't think it's going to do anything to BTC.
July 07, 2016, 09:52:43 AM
To put this news into perspective, there are different angles to look at it. First of all, over half of the UK commercial property investment products are being frozen. Unloading these funds is rather difficult, due to their exposure to prime commercial property and offices across the UK. For investors who have money tied up in these products, there is very little they can do.
If that was not bad enough, Aberdeen Fund Managers have slashed their fund by 17% as well. To make matters even worse, they halted withdrawals, not allowing investors to pull out their money. While it is understandable the firm doesn’t want investors to regret their decision, locking up their funds will only do more harm than good.
The Brexit is causing a lot of panic among both UK and international investors. Unfortunately, the commercial property investment market cannot provide enough liquidity for investors willing to pull out their funds all at once. While most people focus on the Pound Sterling dropping in value, all other UK markets are being hit as well.
http://themerkle.com/crashing-uk-real-estate-market-presents-bitcoin-investment-opportunities/
If that was not bad enough, Aberdeen Fund Managers have slashed their fund by 17% as well. To make matters even worse, they halted withdrawals, not allowing investors to pull out their money. While it is understandable the firm doesn’t want investors to regret their decision, locking up their funds will only do more harm than good.
The Brexit is causing a lot of panic among both UK and international investors. Unfortunately, the commercial property investment market cannot provide enough liquidity for investors willing to pull out their funds all at once. While most people focus on the Pound Sterling dropping in value, all other UK markets are being hit as well.
http://themerkle.com/crashing-uk-real-estate-market-presents-bitcoin-investment-opportunities/
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