How bitcoin protects against geopolitical risk

Today’s election is anything but ordinary. People from every corner of the globe have been watching, not only for its theatrical elements but because the impact will be felt around the world in very real ways. And nowhere will the impact be more immediate and certain than on the economy.
In August, the Wall Street Journal published a piece noting that economists were already seeing election-induced uncertainty harming the US economy. When the British people voted to leave the European Union, the value of currency literally plummeted overnight. If Trump wins today, the USD is likely to take a tumble just as the GBP did following the Brexit vote.
This year, we’ve seen firsthand the consequences of geopolitical risk on FIAT currencies like the USD and GBP. Bitcoin, on the other hand, has not only survived, but thrived despite increased hacks, competition, and scaling turmoil.

This post was published at Tech Crunch on November 08, 2016.