Following the Brexit vote, the digital currency can be expected to further increase as a result of Britain's decision to leave the EU. Experts are predicting Bitcoin to be the currency of the future, referring to it as a safe haven asset that will benefit from the global economic uncertainty.
During the last week, the price of Bitcoin was subjected to volatile fluctuations when the value dropped significantly prior to Brexit vote on Tuesday, and then spiked again due to the increased buying interest from China over yuan's five year low hit. After the Leave vote, the price exhibited a steady gain to now reach $666 mark, and it is likely to hit $800 mark in the following weeks.
Since many investors are expected to turn to Bitcoin and gold instead of losing money in the highly unstable market, with investments mostly coming from the United Kingdom or the European Union, Brexit may turn out to be a beneficial situation for the Bitcoin community, allowing good times to come for the currency, especially ahead of the block reward halving in two weeks time.