Cryptocurrency Not Proven Safe Haven Says Investor Mark Mobius

Economic hardship, whether driven by trade wars or political divisions, usually drives investors into safe haven assets. It has been the case for gold and Bitcoin this year as currencies get crushed and recession fears loom. Britain’s Brexit woes may spell short term doom for the fintech industry but it is likely to have the opposite effect on Bitcoin. Could Brexit Batter Blockchain Startups? As the deadline for Britain’s exit from the European Union approaches, the political squabbling has intensified. The infighting between politicians wanting to remain and those wanting to leave the EU has gone on for three years causing more economic damage and uncertainty than the event itself. The media is also clearly divided as is the population. Forbes has sided with the purveyors of …