Greece Turns to Bitcoin to Avert Financial Crisis, I Hope.
This is an Investment Opportunity, Take It!
Hitting it big in the investment world is sometimes all about timing. Recall when the Bitcoin bubble occurred due to many countries, universities and businesses all adopting Bitcoin as an accepted currency.
Bitcoin prices skyrocketed only to deflate due to some totally incompetent handling of Bitcoin trading by our enemies at MTGOX (Click here for Bankruptcy Filings). If it weren’t for that fiasco where MTGOX “lost” everyone’s money, Bitcoin would be flourishing today.
But there’s good news! Greece’s economy is on the brink of collapse and their banks and currency system are totally falling apart… Perhaps this is the opportunity Bitcoin enthusiasts have been waiting for.
Bitcoin Value Depends on How Many People Are Using Bitcoin
The reason this Greek tragedy could be beneficial to the Bitcoin community is because it opens the conversion to using alternative currency and demonstrates that physical currency is also subject to failure. Bitcoin suffered a huge blow when MTGOX went down and so people lost trust in what was suppose to be the most secure currency available. But now, physical currency with centralized governing is proving just as fatal if not worse!
Of course we already knew this, we just needed more proof.
You Should Convert to Bitcoin NOW
Greece doesn’t want to revert back to using the drachma and the nation is split on deciding whether to receive temporary support from neighboring nations. But a serious long term solution is to convert to Bitcoin. Undoubtedly, savvy financiers in Greece may already be considering this option and with that comes a surge in Bitcoin use and therefore an increase in Bitcoin value.
It would be wise to consider this as an investment opportunity.
Prediction: Bitcoin prices could soar as high as 800-1200 dollars due to large numbers of people and businesses converting their currency. Some will do so out of necessity such as the Greek citizens and some will do so to capitalize on an investment opportunity.