[2016-06-16] ET: Virtual safe haven? Bitcoin surges to highest in more than 2 Y

[polynesia]

Virtual safe haven? Bitcoin surges to highest in more than two years

http://economictimes.indiatimes.com/news/international/business/virtual-safe-haven-bitcoin-surges-to-highest-in-more-than-two-years/articleshow/52786495.cms

The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress.

Worries that Britain will vote next week to leave the European Union, as well as concerns over global growth, have pushed down stocks and oil prices, while low-risk assets such as gold and top-rated government debt have risen.