I never understood how the last bitcoin bubble was caused by the Cyprus crisis. Is it known fact or just an assumption? With the blocking of withdrawals in the banks in Cyprus how were they able to put money into bitcoin exchanges in the first place? Or were Cypriots more tech savvy than other countries and saving their wealth in bitcoins just an easy step?
Maybe they had cash under their mattresses and did not want to bring it the bank? I don't know but news like this in Portugal certainly cannot hurt BTC. Hopefully it sparks a little fire in them.