30 Jun '16, 12pm

If EU Collapses, May Bitcoin Become Europe's Common Currency? - CoinTelegraph

If EU Collapses, May Bitcoin Become Europe's Common Currency? - CoinTelegraph

Earlier this month, a majority of citizens in the United Kingdom voted to exit the European Union. This departure, known as “Brexit,” caused a temporary global market collapse , and prompted US billionaire George Soros to warn that a collapse of the European Union is “practically irreversible” at this point. During the polling leading up to the Brexit vote, gold and Bitcoin both tracked polling to leave the EU. Luca Dordolo, Italian BTM operator, sees Bitcoin as becoming considered, like gold, a hedge against weak markets. “What's happening to gold rates in these Brexit days, stock markets disrupted and gold rises, the same happens to Bitcoin. So in the public imagination, Bitcoin is considered as gold, a good where we find refuge when markets fall down. This is only a prologue in respect to what could happen.” Could Bitcoin replace the euro short-term? Julio Alejandro, fo...

Full article: http://cointelegraph.com/news/if-eu-collapses-may-bitcoin...

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GOOD!

GOOD!

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#bitcoin

#bitcoin

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