Independent: Pound sterling becomes more unstable than Bitcoin

posted over 3 years ago
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 now Bitcoin becoming a safe haven when compared to the fluctuations in the pound.

For a brief period this week, Bitcoin’s 10-day historical volatility dropped below that of the British pound. Sterling became incredibly volatile straight after the UK voted to leave the European Union on 23 June. Its value dropped sharply as soon as the results were announced, sending volatility up by more than double, and that instability has stayed high ever since.

In contrast, Bitcoin has enjoyed a relatively stable period in the days since the Brexit vote.
Tags: bitcoin, opinion, news