There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.
Parallel currency- eg. Italy are currencies isued by the state.as an official second currency alongside legal tender currency and can also be designated as legal tender. It can be stable,hard currency that is used alongside weak national currency. On the other hand a weak national currency can be used as a parallel currency in order to stimulate the national economy and to make export economy compititive again