Italian referendum could send global investors to Bitcoin

posted by
December 1, 2016
by Jamie Redman  
Posted in Commentary

"December 4 will be an eventful day for worldwide markets, as the globe may get an economic shock. Italian citizens will vote on amending the constitution by changing banking resolutions -- alongside absolving powers given to the state, Parliament, and bureaucrats. During this time Italian government bonds and securities have been selling like hotcakes with many preparing for an economic crisis. Furthermore, Prime Minister Matteo Renzi has detailed he will quit if people vote against the Italian bank resolutions. The European region is indeed preparing for a rude awakening as the Financial Times reported eight troubled banks could fall by the wayside if Renzi loses. If the Italian referendum goes sour, it could mean investors could turn to an uncorrelated asset such as bitcoin." (12/01/16)  

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