Bitcoin Trades Like Gold as Investors Seek Brexit Hedges: Chart
What's Driving the Bitcoin Rally?
This article is for subscribers only.
Bitcoin has been trading like one of its oldest antecedents as investors speculate on the odds of Britain voting to leave the European Union in Thursday’s referendum. The digital currency slid to an almost three-week low on Thursday, while gold retreated for a fourth day, after bookmakers’ odds on Wednesday favored a win for “Remain." If the vote goes the other way, traders expect a slump in risky securities such as stocks.