11 Jun '13, 9am

PRISM’s effect on bitcoin prices

PRISM’s effect on bitcoin prices

Say what you will about the revealing of the U.S. government’s program for phone surveillance as well as data collection from American tech companies known as “PRISM”. Since the story broke, it has clearly had an effect on the price of Bitcoins. Don’t believe it? Take a look at this timeline of events from last week posted by the EFF when compared to a chart of the price of Bitcoins on the Mt. Gox market. And the sell-off has continued. On Sunday the price dropped during heavy volume trading. And that is happened over the weekend, a time when the market for Bitcoins is slow moving historically. It’s been discussed to a good degree the link between Bitcoins price and public opinion. The rash of sell-offs in the past week indicates that some might be concerned about the role of Bitcoins. This in consideration of how much the United States government knows about what occurs o...

Full article: http://www.coindesk.com/prisms-effect-on-bitcoin-prices/

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