Gold Surges, Bitcoin Holds Strong in Brexit Aftermath
The Brexit is a doom scenario for traditional finance all over the world. As stock markets continue to lose ground, and the Pound Sterling devalues, there is an increased interest in gold and silver. Bitcoin, that other scarce store of value, is doing quite well too. While the majority of investors around the world thought the Brexit vote would result in....
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After the Halving and the Brexit Bitcoin remained stable. On the other hand, the pound sterling has been experiencing high levels of volatility. The much anticipated Halving (Reduction in half of the reward given to bitcoin miners) and the Brexit (the exit of the UK from the European Union) are two important events that happened in the middle of this year. Both events brought a lot of speculations, and if we take a look at the behavior of both currencies after these two events, we will note that after the Halving and the Brexit Bitcoin remained stable. On the other hand, the pound sterling....
Following Brexit, the digital currency is expected to rise and cross the $700 mark soon and maybe even touch $800. The value of Bitcoin has shown a significant increase from what it was a couple of days ago, following the Brexit Results. The digital currency, which was exhibiting healthy gains in the past few weeks registered a significant drop during the last weekend, only to get back on its feet after the Brexit results. Bitcoin is being increasingly referred to as a safe haven asset, along the same lines as gold. Both gold and bitcoin are financial instruments, but unlike other....
The Brexit referendum results are out. With the majority voting to Leave, the global markets have dropped while the Bitcoin and Gold futures register a rise. We finally have some closure with regard to Britain leaving the European Union. The latest Brexit referendum has resulted in over 50 percent of the English voters choosing to leave the European Union against 48.1 percent. The results of Brexit referendum have put the whole bloc into turmoil as many were convinced that Brits would vote to ‘Remain’ instead of ‘Leave’. The resulting politico-economic indecision is being reflected in the....
While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. The two contemporary safe havens during the times of economic crisis are the representatives of tradition and technology. While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. And seems it is truly a digital age, as proved by recent bitcoin high over gold. The world is increasingly turning to bitcoin as a safe haven. Nonetheless, the demand for gold invariably....
Earlier this month, a majority of citizens in the United Kingdom voted to exit the European Union. This departure, known as “Brexit,” caused a temporary global market collapse, and prompted US billionaire George Soros to warn that a collapse of the European Union is “practically irreversible” at this point. During the polling leading up to the Brexit vote, gold and Bitcoin both tracked polling to leave the EU. Luca Dordolo, Italian BTM operator, sees Bitcoin as becoming considered, like gold, a hedge against weak markets. “What's happening to gold rates in these Brexit days, stock markets....