# Professor David Yermack illustrates the impact of Brexit on bitcoin

1 Faculty News June 27, 2016 ![Politico logo](/sites/default/files/styles/246w/public/assets/images/con_031428.jpg?itok=o8EDTRWD)>

Excerpt from [Politico](http://www.politico.com/tipsheets/morning-tech/2016/06/us-eu-tech-talks-back-on-215033) -- "The virtual currency, which is still quite unstable due to its relatively low supply, has been leveraged by some as a 'store of value' during times of crisis like Brexit and the Greek debt negotiation, NYU finance professor [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) told MT."

[Read more](http://www.politico.com/tipsheets/morning-tech/2016/06/us-eu-tech-talks-back-on-215033)