Bitcoin is often described as a hedge against global instability, a catchy phrase that implies it can protect against events that affect traditional currencies. The article recalls instances like the Brexit vote in 2016 when the British pound plummeted while Bitcoin saw a significant price increase. On June 24, the pound dropped over 8% to its lowest value in 31 years, whereas Bitcoin rose 70% in a similar timeframe. Although the correlation between Bitcoin's rise and macro events like Brexit can be debated, past examples like the banking crisis in Cyprus and the Greek debt crisis show an emerging trend of people using Bitcoin as a safe haven amidst financial turmoil. Currently, as the US dollar faces lows, Bitcoin’s price stability suggests its relevance as a hedge remains intact, reflecting its ability to stand firm against economic instability. With indications of demand for alternatives during crises, Bitcoin continues to be viewed as a viable option for those seeking refuge from traditional financial uncertainties.

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