As the economic situation in Greece keeps on trending downwards, it has led to some level of excitement in the Bitcoin world. There have been claims that the price increase, which has characterized Bitcoin market, is attributable to the situation in Greece. However, no proof has been brought forward to show the claims hold any water. All the same, this notion has not kept giant players in the money exchange market, from coming to the rescue of Greece citizens.
Since the economy of Greece is on the verge of collapsing, its people are doing all they can to dispose of their liquid cash. However, most banks in the country are not yielding to the citizens demands. This maybe because of the fear, it will have detrimental effects, on the previously lucrative banking industry. It has made the chances for the citizens to be leaner, since they cannot invest their funds outside Greece.
The other remaining option is to invest in precious metals including silver and gold. A few years ago, this could have been the most intelligent investment option available but not anymore. It is a fact that the banks will honor your request, if you approached them. However, if the Greece economy falls to its knees, you need not to be a skilled financial analyst to know that the gold reserves will be first to be depleted. This is because gold holds the highest value in Greece.
But, that does not mean that Greece population will lose all they have. Bitcoin is a renowned money exchange platform, which may be the only relief for the citizens and the government at large. This can be affirmed by the large number of Greece citizens, who are hungry for information on Bitcoin, in bid
Originally appeared at: https://99bitcoins.com/bitcoin-exchange-bitcurex-launches-no-fees-for-greece/