Greece; Bitcoin on the rise

Bitcoin, News

The situation in Greece has officially been confirmed by the finance minister just recently and the 1.6B euros debt will not be honored by the Greek government. Bitcoin is still following its course rising for nearly 10% in june and has reached a high of $260 USD nearing the end of the month.

Take note that the Bitcoin rise is not directly linked to the Greece controversy but could have been indirectly influenced by the many speculations around the recent cash out process which led to a reasonable amount of liquidity leaving the country. However we have noticed an increase of searches surrounding and including the word bitcoin Geo locatedĀ in Greece this weekend.

This news was confirmed by Bitcurex which publicly stated that they have received an increased flow of emails coming from Greece asking questions about processing Bitcoins.

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