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JohnKicklighter
Jun 16, 2015 7:36 PM

Greece the Bitcoin Second Coming? 

Global X MSCI Greece ETFArca

Description

I continue to watch for signs of correlation between Greek capital markets and the value (proxy for use) of Bitcoin. Back in 2013, Cypriot capital controls looked to significantly increase the adoption of the cryptocurrency as wealthy foreigners used new channels to repatriate their funds and avoid account lock up and potentially new taxes. Greece doesn't have nearly the same tax haven status as Cyprus did, but there is a lot of wealth in the country.
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