Start the conversation
Leave a Reply Click here to cancel reply.
The Bitcoin value today jumped 8.5% in 90 minutes as buying on Bitcoin exchanges in China surged.
The broader surge has coincided with the deepening of the Greek debt crisis and a sharp 30% decline in the Chinese stock market.
While Greece?s bank closings have demonstrated the value of Bitcoin in a financial crisis, the situation in China has more to do with the movement of capital out of stocks.
However, the spike in the Bitcoin value today appears to be entirely China-related. The surge…
View original post 157 more words