Bitcoin prices are on the move upward. Bitcoin volume trading is on the move upward. Greece is on the move downward to a total collapse. Coincidence? I think not. Why? This has all happened once before, over two years ago and maybe we can all learn from the experience, especially all the day traders and speculators out there. Lessons from Cyprus So let’s take a look at where we’ve been as far as bitcoin price and where we may end up going in the near future. Let’s all be bitcoin speculators, in a week where the Greeks have an entire …

The never ending tragedy known as the Eurozone is flirting with disaster and the unknown consequences of what would happen if Greece is ejected by brute force or leaves by sheer will from the EU. Interestingly enough, the first Bitcoin ATM has arrived in Athens just in time. 4 options The clear lesson being learned is the recipe of political and social integration before economic integration makes a terrible meal. A lot of noise and overcomplicated explanations have been put forth as to what will happen. In reality, there are four options left as to how this can play out: …

What will a Greek or Spanish exit look like for the European Union and what will be its implications for the global economic picture? The popular media has all but guaranteed a compromise with Greece that would include a debt restructuring and a promise that the union will stay intact. But despite this guarantee, there is presently a stalemate between Syriza and the rest of the European Union that may preclude a possible deal and increase the chance of a Greek exit (Grexit). Even if an agreement is reached as promised, it could have a ripple effect on Spain, whose …

The Finance Minister of Greece’s new radical left-wing government, while at the center of anti-austerity financial policy, is in no way optimistic about Bitcoin, it has emerged. In an article on his website blog from April 2013, Yanis Varoufakis discusses the “impossibility” of a decentralized currency being controlled “apolitically,” and describes this as a “dangerous fantasy.” He stated: “[T]here can be no de-politicized currency capable of ‘powering’ an advanced, industrial society.” Varoufakis has inherited Europe’s worst-performing economy, and will seek to end the austerity measures put in place by the previous Greek government following the 2008 financial crisis. Greece’s economy …