Bitcoin Forum
July 16, 2018, 10:27:37 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: [2016-06-28] Pound Falls and Bitcoin Price Boosts After Brexit  (Read 224 times)
Hero Member
Offline Offline

Activity: 574
Merit: 500

View Profile
June 28, 2016, 08:54:30 PM

Pound Falls and Bitcoin Price Boosts After Brexit

As Britain voted to leave the European Union, the British seemed to split into two groups – those dissatisfied to see that their savings stashed in British pounds became 8 percent poorer and those delighted to feel an almost 9 percent jump in the value of their bitcoin holdings.

Many experts now share the opinion that Brexit can result in the decline of the Euro and in turn incredible boost of bitcoin. The event was rather predictable as political and economic instability grows in many regions of the globe.

“Bitcoin is effectively becoming digital gold,” said Ashvin Bachireddy, co-founder and general partner at Geodesic Capital, a Silicon Valley venture capital firm that backed bitcoin start-up 21 Inc. “You can continue to see further validation of bitcoin as something detached from a centralized government that allows people who work to preserve wealth in a secure way.”
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!