bitcoin price 5,677.92
Published Friday, June 24th, 2016 in

Brexit Sends Bitcoin Higher

The UK referendum on whether to remain inside or leave the EU has sent shockwaves throughout the world. A vote which was considered to be heavily in favor of the ‘remain campaign’ was reversed when on Thursday morning it was revealed that the UK would be leaving the EU – a campaign which won with 52% of the vote.

The uncertainty in many global markets has led to what appears to be a ‘bitcoin rush’, driving the price of BTC up by 15% in the early hours of Thursday morning. Such a compelling link between Brexit and the price of bitcoin has led many to believe that Bitcoin is now being taken seriously by mainstream investors looking for a ‘safe haven’ asset to place their money.

brexit boost bitcoin

The UK economy now remains in an extremely uncertain limbo; a full exit from the European Union will take at least 2 years, and many politicians are looking at potential avenues to avoid a complete exit.

On Thursday June 24th 2016, Britain took a massive gamble, and such a gamble appears to have paid off for those using and invested in bitcoin.

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