Post
Topic
Board Economics
Re: POLL: Cyprus: Cause of Bitcoin price rise or just coincidence?
by
Sander
on 08/04/2013, 05:19:23 UTC
If you look at the google searches for bitcoin you see most of it coming from Russia. Russia had a lot of money parked in Cyprus. Cyprus definitely had something to do with the massive rise in value. Directly and indirectly it started to pull more people into bitcoin. Now with the recent media coverage about this massive increase even more people are getting on the bandwagon.

So yes, in my opinion Cyprus was definitely a catalyst.