Bitcoin

Jittery Spaniards Seek Safety in Bitcoins

Bitcoin

Since Sunday, a trio of Bitcoin apps have soared up Spain’s download charts, coinciding with news that cash-strapped Cyprus was planning to raid domestic savings accounts to pay off a $13 billion bailout tab. Fearing contagion on the other end of the Mediterranean, some Spaniards are apparently looking for cover in an experimental digital currency . “This is an entirely predictable and rational outcome for what’s happening in Cyprus,” says Nick Colas, chief market strategist at ConvergEx Group. “If you want to get a good sense of the stress European savers are feeling, just watch Bitcoin prices.” The value of the virtual currency has soared nearly 15 percent in the last two days, according to the most-recent pricing data . “One hundred percent of that is due to Cyprus,” says Colas. “It means the Europeans are getting involved.” That Spaniards would consider converting a po...

Full article: http://www.businessweek.com/articles/2013-03-20/jittery-s...

Tweets

@CreativeFlows__ » 11 Apr '13, 5pm
Jittery Spaniards Seek Safety in Bitcoins - Wow, that's desperate! [link] via @BW #bitcoins #bitcoin #ripple #currencywars
@Adlantia » 11 Apr '13, 11am
¿Bitcoin, euro o peseta? Jittery Spaniards Seek Safety in Bitcoins [link] vía @BW
@ricardo_irias » 22 Mar '13, 5pm
Bitcoin defenitely something to watch! - Jittery Spaniards Seek Safety in Bitcoins - Businessweek [link] via @feedly
@alexbrock » 22 Mar '13, 1pm
@rbour EU economic woes: Cyprus bank crisis > panic in Spain > everyone buys #bitcoin: [link] < interesting huh?
@Manfred_Nolte » 22 Mar '13, 12pm
'Bitcoin'¿una moneda con futuro? [link] vía @BW
@lmoliva_ » 22 Mar '13, 1am
RT @Liberationtech: Jittery Spaniards Seek Safety in Bitcoin [link] #Spain
@talws » 22 Mar '13, 12am
Να καταγγείλουμε και την συμμορία του bitcoin [link]
@cota3143 » 22 Mar '13, 12am
RT @ycompanys: Jittery Spaniards Seek Safety in Bitcoin [link] #Spain
@CentinelCo » 21 Mar '13, 5pm
#Bitcoin at $74 on a post-Cyprus European flight to crypto-safety? [link]
@madstudios30620 » 21 Mar '13, 3pm
#Atlanta #GA #bitcoin #opensim #sl #virwox [link] #usd #euro #paypal [link] #UK GROWING #VIRTUAL #CURRENCY
@atlantarealtime » 21 Mar '13, 3pm
via @madstudios30620: #Atlanta #bitcoin #opensim #sl #virwox [link] #usd #euro #paypal [link] #France GR
@madstudios30620 » 21 Mar '13, 3pm
#Atlanta #bitcoin #opensim #sl #virwox [link] #usd #euro #paypal [link] #France GROWING #VIRTUAL #CURRENCY
@atlantarealtime » 21 Mar '13, 3pm
via @madstudios30620: #Atlanta #bitcoin #opensim #sl #virwox [link] #usd #euro #paypal [link] #spain GROWI
@madstudios30620 » 21 Mar '13, 3pm
#Atlanta #bitcoin #opensim #sl #virwox [link] #usd #euro #paypal [link] #spain GROWING #VIRTUAL #CURRENCY
@JonathanDavisWM » 21 Mar '13, 2pm
RT @mark_dow Not gonna bite RT ‏@IvanTheK Bitcoin Tulip Bulbs: Spaniards Seek Safety in Bitcoins [link] @NigelWatson6
@mark_dow » 21 Mar '13, 1pm
Not gonna bite RT ‏@IvanTheK Bitcoin Tulip Bulbs | BusinessWeek: Jittery Spaniards Seek Safety in Bitcoins [link]
@RadCurmudgeon » 21 Mar '13, 1pm
RT @IvanTheK: Bitcoin Tulip Bulbs | BusinessWeek: Jittery Spaniards Seek Safety in Bitcoins [link]
@IvanTheK » 21 Mar '13, 1pm
Bitcoin Tulip Bulbs | BusinessWeek: Jittery Spaniards Seek Safety in Bitcoins [link]
@pablogianella » 21 Mar '13, 1pm
“European citizens must now fear for their money” #Cyprus #Spain #bitcoin [link]
@TheKirkReport » 21 Mar '13, 12pm
Spaniards shield assets in bitcoin [link] (Bloomberg)
@AndrewAllsop » 21 Mar '13, 12pm
Fearful Spaniards Flock to BitCoin in light of Greek Savings Raid - [link]
@Estebiza » 21 Mar '13, 11am
RT @NicTrades: Jittery Spaniards Seek Safety in Bitcoins [link] $MTGOX $BCOIN >>>> UE to retire bitcoin
@PayservZimbabwe » 21 Mar '13, 10am
Real world impacts on virtual currency. [link] Does this add legitimacy to BitCoin? What does this mean for Payment Systems?
@pklongspear » 21 Mar '13, 8am
Jittery Spaniards Seek Safety in Bitcoins [link] via @BW, Save the people BitCoin or is it the people saving themselves...?
@matthewbennett » 21 Mar '13, 8am
RT @ibexsalad: @TheStalwart massive Spanish depositor flight to bitcoin [link]
@ibexsalad » 21 Mar '13, 8am
@TheStalwart massive Spanish depositor flight to bitcoin [link]
@andhwang » 21 Mar '13, 5am
Spaniards worried about savings accounts after Cyprus seek safety in virtual currency Bitcoin [link]
@taterpie » 21 Mar '13, 4am
Spain don't do it: [link] #bitcoin
@Xhitsthespot » 21 Mar '13, 3am
RT @BitcoinOz: Jittery Spaniards Seek Safety in Bitcoins [link] #bitcoin
@TonyStuntz » 21 Mar '13, 2am
RT @_Talus: Jittery Spaniards Seek Safety In Bitcoins: Since Sunday, a trio of Bitcoin apps have soared up Spain’s download... [link]
@_Talus » 21 Mar '13, 2am
Jittery Spaniards Seek Safety In Bitcoins: Since Sunday, a trio of Bitcoin apps have soared up Spain’s download... [link]
@Pyramining » 21 Mar '13, 1am
Jittery Spaniards seeking #bitcoin [link] Mne some at #pyramining [link]
@BestSSLCerts » 21 Mar '13, 1am
#news Jittery Spaniards Seek Safety In Bitcoins: Since Sunday, a trio of Bitcoin apps have soared up Spain’s d... [link]
@diggfrontpage » 21 Mar '13, 1am
Front Page: Jittery Spaniards Seek Safety In Bitcoins: Since Sunday, a trio of Bitcoin apps have soared up Spa... [link]
@chris_marino » 21 Mar '13, 12am
“If you want to get a good sense of the stress European savers are feeling, just watch Bitcoin prices.” [link]
@RobMcDoogie » 20 Mar '13, 11pm
Jittery Spaniards Seek Safety in Bitcoins [link] BTC purchases skyrocket in Spain after Cyprus banking news #Bitcoin #BTC
@reygarrido » 20 Mar '13, 10pm
El rescate a Chipre dispara el uso del Bitcoin en España [link]
@CristinaSainz » 20 Mar '13, 10pm
RT @adelgado: Publica BusinessWeek que ha aumentado el uso de Bitcoin en España desde los problemas de liquidez en Chipre [link]
@jacquestardie » 20 Mar '13, 10pm
RT @ales_kot: RT @jimaley “If you want a sense of the stress European savers are feeling, watch #Bitcoin prices" [link] @BW #cyprus
@adelgado » 20 Mar '13, 10pm
Publica BusinessWeek que ha aumentado el uso de Bitcoin en España desde los problemas de liquidez en Chipre [link]
@BW » 20 Mar '13, 10pm
RT @jimaley: “If you want a sense of the stress European savers are feeling, watch #Bitcoin prices" [link] @BW #cyprus
@jimaley » 20 Mar '13, 10pm
“If you want a sense of the stress European savers are feeling, watch #Bitcoin prices" [link] @BW #cyprus
@maxblackgeek » 20 Mar '13, 8pm
Jittery Spaniards Seek Safety in Bitcoins: Since Sunday, a trio of Bitcoin apps have soared up Spain’s downloa... [link]
@Bitcoin_Central » 20 Mar '13, 8pm
@deneuxa and his super cool wife are working on our spanish translation, if they aren't they better get on it :-) [link]
@ManifestStefany » 20 Mar '13, 6pm
Jittery Spaniards Seek Safety in Bitcoins: Since Sunday, a trio of Bitcoin apps have soared up Spain's downloa... [link]
@coinlab » 20 Mar '13, 5pm
Liquidity still a problem, but we're working on it! [link] #CoinLab #Bitcoin #businessweek #jitteryspaniards
@holdenfrith » 20 Mar '13, 4pm
After the Cyprus savings tax, some Spaniards seem to be seeking refuge in Bitcoin: [link] (via @Bernardwarner)
@BitCoinReporter » 20 Mar '13, 3pm
Jittery Spaniards Seek Safety in Bitcoins - Businessweek [link] #bitcoin
@Talksy » 20 Mar '13, 8pm
Jittery Spaniards seek safety in Bitcoin [link]