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IPFS News Link • Bitcoin

Brexit shows how bitcoin shines as a safe-haven asset

• http://bravenewcoin.com, Luke Parker

Most markets plunged, especially stocks and currency in Europe where a loss in confidence in the EU or Britain are both hardest felt, but some markets did just the opposite. These were mainly the so-called safe-haven assets, which includes Gold, Silver, the Swiss Franc, and now Bitcoin.

During Thursday's historic event, more than 17.4 million Britons voted to leave the EU while 16.1 million voted to remain in the nationwide June 23 referendum. In England and Wales, more than half voted to leave the EU whereas in Northern Ireland 55.8% voted to remain and 62.0% in Scotland. British Prime Minister David Cameron, firmly opposed to leaving the EU, subsequently announced his resignation stating that he would be out of office by October.


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