[2016-06-24] World currencies are tanking on Brexit, but bitcoin is surging

[hendra147]

Global currency markets are a sea of red in the wake of this morning’s shock Brexit news. The pound is down 6.44% against the euro and weakened 10% against the dollar. But one currency–or more accurately, cryptocurrency–is surging: Bitcoin is up 7% in the last seven hours of trading, adding gains to a rally that started as the UK went to the polls yesterday (June 23).

http://qz.com/715681/world-currencies-are-tanking-on-brexit-but-bitcoin-is-surging/

[IconFirm]

I see it as a win for Democracy - congrats to the Brits.

Nobody in Brussels was elected by anyone, they were placed there by Banks & Corporations who's only motive was profit & power. Greece, Spain & other counties in the EU have been milked & enslaved by Brussels to the extent that OAP's had to queue & beg for their pension money in order to buy food, mass unemployment & austerity are trademarks of countries run by Brussels - this is what happens when unelected people with conflicts of imterest are "placed" in a position of power.

As far as Bitcoin v fiat prices are concerned - who cares? They go up, they go down - nothing new there. I see Bitcoin (or digital currency) as a replacement for fiat, not a way to make more fiat. Only those after short term fiat profit are concerned about price, the Bitcoin idea is lost on them.

[Latreetim]

I also noticed that the bitcoin is rising against the US dollar and also the British Stering. But bitcoin dropped a lot recently.