A European Debt Crisis Is Bullish For Bitcoin
With the current macroeconomic crisis unfolding and many European countries at risk of debt defaults, bitcoin enters the ring as a neutral reserve asset.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Brandon Green to talk about how the European debt crisis is bullish for bitcoin.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynBrandon Green: Yeah, there are other things. There are other questions that I'm thinking about. Another one would be, as you're starting to look at....
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Written by Colin Kwan, COO of Magnr/BTC.sx. Colin has over 10 years experience in investment banking, including senior management roles at UBS and Deutsche Bank. Colin also holds an MBA from the Australian Graduate School of Management. At the time of writing, the Greece debt crisis appears to have been averted, or at the least delayed. A €50 billion bailout package has been offered, if the Greek parliament agrees to implement extensive reforms that have been demanded by the eurozone. Although the risk of a Grexit has been reduced, it has not been eliminated. If the parliament votes to....
Online Bitcoin transactions have surged since the Greek government imposed capital controls and withdrawal limits. In the midst of the Euro crisis, people across the world are finding Bitcoin to be a safe and attractive bet in comparison to fiat currency. Gone are the glory days of Greece - the land of Iliad and Odyssey. Once a great empire from 500 BC to 200 BC, the present day Greece lies in tatters due to deteriorating economy and rising debt. The country which went broke due to the economic crisis is now unable to repay the debt it owes to the International Monetary Fund, European....
The unfolding drama inside the Greece's debt-struck economy has been captivating and heartbreaking at the same time. It has given us - the common people - a preview of a once-wealthy country, falling prey to the 2008's Wall Street implode, and further reaching to the verge of being called a bankrupt. But considering Greece as the sole sufferer of some economic meltdown is a mistake. The country's plight can now be compared with more than 20 other nations that have reported to be going through a similar debt trap. A recent analysis by the Jubilee Debt Campaign has further brought forth the....
Bitcoin has enjoyed a pivotal moment, thanks to the ongoing Greek debt crisis, which resulted in capital controls and an influx of funds towards the cryptocurrency. Indeed bitcoin prices have eventually landed back above the $300 mark, following a long period of consolidation around $220 earlier in the year. The prospect of shifting back to a potentially worthless drachma has led several Greeks to move their money to bitcoin, as some websites have offered bitcoin loans and investments while others offered to purchase Greek products using the cryptocurrency. This could allow Greek citizens....
If you’re following the headlines, then it’s not tricky to see that even European leaders think Europe is on the brink of collapse! Greece will receive the short-term debt relief from the Eurozone creditors it desperately need to stay afloat after a meeting of 19 European finance ministers in Brussels on Monday. But, how far will the relief stretch? The ministers offered to help the cash-poor Greek government, though not each European nation, nor the IMF, was on board. Greece’s repayments, nevertheless, will be restructured to take place over a longer period of time and an interest rate....