28 Jun '16, 1am

Bitcoin is a better bet than pound, euro post-Brexit: Blockchain CEO

Bitcoin is a better bet than pound, euro post-Brexit: Blockchain CEO

Blockchain CEO: Digital currencies do better amid uncertainty Blockchain CEO Peter Smith tells CNBC that bitcoin is actually more stable than the euro or the pound post-Brexit. With the Brexit hammering global equities and currencies, bitcoin has bucked the trend , jumping almost 10 percent immediately post-Brexit, lending some legitimacy to the cryptocurrency. Although the unregulated alternative to cash money is considered high risk, in part due to its volatility , Peter Smith, chief executive of Blockchain, a bitcoin wallet, said the cryptocurrency was a better bet than regular currencies. "If you had allocated assets into bitcoin five of the last six years, you would've done better than your local currency," Smith told old CNBC"s "The Rundown ." "Bitcoin, right now, is more stable from a volatility perspective than both the euro and the pound , which is a great thing f...

Full article: http://www.cnbc.com/2016/06/27/bitcoin-more-stable-post-b...

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