Lily Allen: Bitcoin is now more stable than the British pound

Lily Allen, the British singer who was nominated for the Best British Female Artist Award in 2015, recently recommended Bitcoin to her 5.8 million followers on Twitter.

“Bitcoin is more stable than the pound right now,” she said.

In January 2014, Allen admitted that she regretted turning down a performance offer worth hundreds of thousands of bitcoins (now worth nearly $100 million) to livestream a concert in a virtual world called Second Life.

She wrote on Twitter: "About five years ago, someone invited me to live broadcast an online performance and paid me hundreds of thousands of bitcoins. "As if", I said" #idiot #idiot

Now, Allen is talking about Bitcoin again, presumably after reading a report in the British news magazine Independent: “Since Brexit, the pound has been more volatile than Bitcoin.”

The following is a translation of the report:

The British pound is already more volatile than Bitcoin.

Bitcoin has long been considered the world's most volatile currency, with its value rising from $2 to $1,137 over the past five years. However, compared to the volatile British pound, this once wildly volatile currency is becoming a safe haven.

This week, Bitcoin’s historical price volatility over a 10-day period was lower than that of the British pound.

The pound has been incredibly volatile since the UK voted to leave the EU on June 23, with the value of the pound falling dramatically since the result was announced.

In contrast, Bitcoin has been relatively stable since Brexit.

Many people are already looking to trade Bitcoin, which clearly represents a safe haven relative to the British pound. Exchanges say that since Brexit, Bitcoin trading volumes in Europe have doubled, especially in the UK.