The effect of Brexit on Bitcoin.

[pakcoy]

The price of bitcoin has been effected greatly, by the Brexit vote results. Although, this recent drop in the value of bitcoin started just a few days prior to the vote. Isn't Bitcoin supposed to be effected less by all of this political turmoil, by its very nature?

[altcoingamer]

Correlation doesn't = causation.. I think applies heavily here.  Bitcoin's price has been the result of reaching all-time highs and it just being more profitable to short over it being linked to one political event.  Even if it somehow microscopically has an effect, I doubt its very long lasting over maybe a few people in a country having to be more careful with their investments.

[roykiyosi]

am not seeing any effect of brexit on bitcoin as the price is around $650 and at there from a few days, but I think it will have a great effect of halving, only halving is the too to affect bitcoin.