Quote from: Kemarit on July 02, 2018, 12:03:20 PM

Quote from: no0dlepunk on July 02, 2018, 10:47:16 AM

Well, so far BITCOIN is the easiest way out for these Italians, rather than buying an alternative currency. If this is true, then pump up the volume!

Its not easy as it seems (https://money.usnews.com/investing/news/articles/2018-06-27/italys-new-government-is-no-threat-to-euro-eurosceptic-senator-says)

Quote

ROME (Reuters) - Italy's new government will do nothing to undermine the euro and investors have no reason to fear its agenda, a prominent eurosceptic senator from the right-wing League party said.

So for now we can speculate that maybe as early as today, Italian will look for other alternatives just in case something worst happen although the government is assuring that they are not abandoning EURO. However, if I lived right there, I will put some of my money in crypto just like a hedge, just to be sure.

I'm not sure doing this would decrease your risk of loss. Bitcoin is far more volatile than the euro and if a country like Italy crashed out of the EU or instituted its own currency, Bitcoin would likely still be more volatile than the euro. If you wanted to temporarily protect your currency, you would probably want to exchange it to the US dollar because it would absolutely hold its value better than Bitcoin over a couple weeks or months if the euro was experiencing Italy-based fluctuations. Bitcoin could be ok, but when there's economic uncertainty, could be isn't good enough. You want actual safety.