Bitcoin – Virtual safe haven/Digital gold rallies on Brexit

Omkar Godbole FXStreet Contributor

Bitcoin, often considered by many as a virtual safe haven or a sort of digital gold, is up 8% as risk assets melted on Brexit fears.

BTC/USD at Bitstamp is currently trading around 660 levels. The virtual currency is up more than 8%. Brexit is pretty much a done deal now and the resulting sell-off in Sterling and global equities is pushing traditional safe haven assets higher.

Bitcoin’s rally amid Brexit underscores its status as a virtual safe haven.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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