Grexit; The reason Bitcoin price is increasing?

Bitcoin, News

The Greeks Government debt is yet to be paid and people are already panicking trying to get their money out of their banks as soon as possible. We know Greece is on a potential road to leave the Euro zone and people might be looking for ways to cash out their money for what it’s worth as soon as possible.

Only on June 15, reports shows that there has been over 400 000 000 Euros who have disappeared from the country capital in circulation. Which bring us to believe people are ready to make use of known alternatives to avoid their money being taxed if anything happen to the country economy in the coming days.

This could be a potential explanation to the recent Bitcoin price increases and if this is the case, this increase could be far from over. 

 

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