Rise of Bitcoin and Gold as Brexit Turns into Reality

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We finally have some closure with courtesy to Britain withdrawal a European Union. The latest Brexit referendum has resulted in over 50 percent of a English electorate selecting to leave a European Union opposite 48.1 percent. The formula of Brexit referendum have put a whole confederation into misunderstanding as many were assured that Brits would opinion to ‘Remain’ instead of ‘Leave’. The ensuing politico-economic hesitancy is being reflected in a general markets with a value of Euro and Pound Sterling induction a fall.

As a value of European currencies falls, a concept banking with no state — Bitcoin is benefiting from a Brexit situation. The value of Bitcoin has surged overnight by about 100 points to strech a high of $683.9. Since a rise, a digital banking has seen a tiny dump in a value, hovering around $660 (at a time of writing). The reduced value of Bitcoin might be attributed to a Prime Minister David Cameron’s resignation.

brexit and bitcoin

brexit and bitcoin

These new developments also meant doubt in terms of either Britain is going to respect a formula of a referendum or not. David Cameron


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