| Greeks have rushed to Bitcoin as the country’s financial future hangs in the balance. The digital currency has risen seven per cent since Friday and, at £262, is at its highest level since March. Interestingly, gold – which has long been relied on as a store of wealth during crises – has actually fallen in value. The precious metal is priced 1 per cent lower than on Friday, at $1,168 a troy ounce.
Bitcoin exchanges are reporting increased interest from Greek investors, and with people desperate to store their cash outside the country’s nearly-empty banks, the digital currency may seem like a viable alternative...............................................Full Article: Source |