Press Coverage

MarketOrders Co-Founder quoted by Finance Magnates on how political change could affect crypto

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Finance Magnates article ‘How Could Political Change & Unrest Affect Crypto in 2020?’.
She said: “political unrest generally demonstrates a loss in confidence in the governing authorities in a country. Governments are closely tied to the financial systems in place so this has a knock-on effect on the financial landscape in a negative way.”
“Political unrest tends to undermine the current financial systems in place and this is where you also tend to see the value of home currenc[ies] plummeting,” Jutla continued. “It is in these conditions that crypto prices tend to increase as investors move assets to find [assets] that are not controlled or influenced by one party.”
Sukhi Jutla added that although Brexit is now a certainty with a specified date, markets could still respond frantically: “Even though we know when Brexit will happen, we will continue to see erratic behaviour across the money markets and this will also include the value of the pound,” she told Finance Magnates.
“In this case, I predict there will a flurry of activity in the gold and Bitcoin markets, driving both of these assets market prices upwards. In times of chaos and uncertainty, we think we do the most logical and rational things, but all we do is panic in the face of fear and this will cause the price of the pound to plummet.”
Along with Sukhi, other experts gave their views:

  • Monica Eaton-Cardone is a Forbes Technology Council member, fintech expert, and the co-founder and chief operating officer of international cybersecurity firm Chargebacks911.
  • L. Burke Files is the President of Financial Examinations & Evaluations Inc., an international investigator, and due diligence expert.

You can read the full article here.

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