Bitcoin – Virtual safe haven/Digital gold rallies on Brexit

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.