The price of the British pound has recently collapsed, causing uncertainty for a large number of investors, and a number of them seem to have chosen Bitcoin (BTC) as a safe haven. On September 26 in particular, trading volumes on the GBP/BTC pair literally exploded. What does this mean, and will it happen on a larger scale? … Continue reading Fall of the pound sterling: Bitcoin (BTC) as a safe haven for the British?
The British Pound (GBP), posted a plunge of historic proportions on Monday, hitting an all-time low on Monday as investors panicked over the Truss government's spending and tax cut plans, which risk hurting the Finances of the country. And the fact that the market, investors, and British citizens no longer trust the Pound is echoed … Continue reading Pound sterling: bitcoin as an emergency solution?