Pound sterling becomes more unstable than Bitcoin after Brexit

  • Tens of thousands of people gathered to protest the result of the EU referendum
  • Pound beats Argentine peso to become 2016’s worst performing currency
  • A majority of people in the capital voted to remain in the European Union
  • Britain voted to leave the European Union in a referendum by 52 per cent to 48 per cent
  • Exchanges told Bitcoin that had seen volumes more than double in the wake of the EU referendum, particularly from people in the UK.

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@Independent: “The pound has officially become more unstable than Bitcoin”


The British pound has become more volatile than Bitcoin. Bitcoin has long been thought to be the world’s most unstable currency – moving from being worth $2 to $1,137 in the last five years. But that wildly volatile currency is now becoming a safe refuge when compared to the fluctuations in the pound. For a brief period this week, Bitcoin’s 10-day historical volatility – a measure of how much its price has been changing – dropped below that of the British pound.


Pound sterling becomes more unstable than Bitcoin after Brexit