How Bitcoin Could Have Saved UK Households $1.5 Trillion

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Amid a catastrophic Brexit and fast devaluation of a British pound, researchers detected that a protected item like bitcoin could have saved UK households US$1.5 trillion in total.

Credit Suisse, a multi-billion dollar Swiss financial association and banking group, recently suggested in an talk with CNN income that UK domicile resources has declined by $1.5 trillion as a approach outcome of Brexit.

Almost immediately after Brexit was finalized, many financial investments and resources plummeted in value. The british bruise reached a record low opposite a US dollar as good as other haven currencies, decreasing from $1.5 to $1.2 within a camber of 5 months.

The mercantile instability and financial misunderstanding in a UK triggered a domino-like outcome on a country’s batch markets, as resources and bonds fell in value.

At a time, record companies also voiced their critical concerns over losing a profitable user bottom and customers in a EU. Several blockchain and bitcoin companies relocated to heading European countries including Germany and France.

Bitcoin as a Safe Haven Asset

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