The price of the digital currency bitcoin hit the $300 mark on Tuesday night for the first time since July.
The last time this happened, Greece was undergoing an economic collapse and citizens were shut out of accessing their bank accounts, leading many bitcoin companies to attempt to harness the opportunity to drive Greeks to digital currency. There was some debate over whether the price bump was actually a direct result of the Greece situation or simply coincided with it. Regardless, when the price is up, the bitcoin industry—from entrepreneurs to price indices to exchanges to chat forums—gets very excited.
Don’t look now, but #bitcoin has broken through 300 and the exchanges are all buzzing.
— LocalBitcoins.com (@LocalBitcoins) October 28, 2015
— Dan Held (@bitonbit) October 28, 2015
We missed you $300 https://t.co/v8LcYmcsVC
— /r/Bitcoin (@RedditBTC) October 27, 2015
To be sure, the price of bitcoin has never again flirted with the $1,000 mark it surpassed in January 2014. But many in the industry believe that spike hurt the currency, in the long run, since it is constantly compared unfavorably to that high number,