Bitcoin is a virtual currency (an Internet payment system) published in 2008. Users do not need an intermediary for the transaction to take place, and this is one of the reasons for which it has become so popular.
Greece is on the brink of exiting the Eurozone. It is also debt-stricken, as it needs to pay 1.6 billion EUR to the IMF (International Monetary Fund) by late June, 2015.
Greeks are purchasing more and more of this virtual currency, in order to have a safety net in case they leave the Eurozone and the economy collapses once more.
You have people worrying about their families’ wealth or their life savings, and worrying that their money might be locked up in banks … They’d rather hold money in a private asset like gold or bitcoin. – Joshua Scigala, Vaultoro co-founder (a firm that holds its customers’ bitcoins)
This fact has led to an increase in Bitcoins’ value and helped stabilize the virtual currency, for the past six months. It’s currently at a 4% increase and has never been so high since the start of 2014.
Cătuşanu Octavian
Sursa foto: lawyerist.com