Bitcoin was ‘Good as Gold’ in the Brexit

[alyssa85]

http://www.breitbart.com/big-government/2016/06/27/bitcoin-good-gold-brexit/

With the Brexit being the worst one-day global financial crash since the Lehman Brothers bankruptcy in 2008, Bitcoin gained a tremendous amount of credibility as a safe haven asset that is “good as gold.”

...The British pound nose-dived by 11 percent and UK stocks plummeted 8 percent. A worldwide financial terror caused European stocks to tank by 6 to 8 percent, Asian stocks to tumble by 5 to 10 percent, and U.S. stocks to take a 5 percent hit.

But according to Lee Adler of the Wall Street Examiner, “In the six hours or so from when the [Brexit] results started to trickle in (about 7 p.m. EDT) until it was obvious that the Brexit had become a reality, the Bitcoin price spiked up by about 8.8 percent…”. The move up essentially “mirrored” the 8 percent jump in the price of gold.

Barry Silbert, founder and CEO of the Digital Currency Group and the creator of the Bitcoin Investment Trust, tweeted just moments after the vote: “This is Bitcoin’s coming out party as a global safe-haven investment. Amazing.”

[Carlton Banks]

Totally idiotic proposition (from an idiotic publication, quelle surprise). Bitcoin and Brexit were not in any way connected, and neither was Brexit and the (paper) Gold price, or any other financial market turmoil. All politicised BS, essentially. The markets that tanked have been pumped up with cheap debt for years now, the whales just needed an excuse to start the dump.

[Lauda]

These Brexit and Bitcoin articles are really getting tired already. These people are just speculating and writing whatever they can to 'fulfill' the needs of their jobs. Some claim that there are directly connected and that it has an effect on Bitcoin, the others claim the exact opposite. I'm not seeing it. Although, there were some 'acknowledgements' that Bitcoin is a safe-heaven due to the 'panic' in financial markets everywhere.

Bitcoin and Brexit were not in any way connected, and neither was Brexit and the (paper) Gold price, or any other financial market turmoil. All politicised BS, essentially.

Most likely, yes. I wouldn't be surprised to see nonsense like "Bitcoin is the reason for Brexit".

[bitcoineverything]

Sometimes people are just writing articles without any idea on what is really going on. They are just reiterating what they have read somewhere.
Let us stick to what we do understand and what is worth reading.