Italian Referendum Could Send Global Investors to Bitcoin

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This year’s Brexit vote caused turbulent economic times for European residents, as many sovereign currencies and stocks plunged. During this period, the British exit from the EU caused Bitcoin’s value to spike as many turned to the decentralized currency as an economic safe haven. On December 4, the cryptocurrency’s price may rise again as the Italian constitutional referendum prepares to shake up Europe’s economy once more.

Also read: IRS Demands Coinbase Records In Surprise Tax Probe

Italian Referendum May Send Investors to Bitcoin

shutterstock_188428334December 4 will be an eventful day for worldwide markets, as the globe may get an economic shock. Italian citizens will vote on amending the constitution by changing resolutions — alongside absolving powers given to the state, Parliament, and bureaucrats. During this time Italian government bonds and securities have been selling like hotcakes with many preparing

Read more ... source: TheBitcoinNews