2013-03-18 Laissez Faire Today: None Dare Call It Theft

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The Euro crisis alone might account for why Bitcoin has moved from $15 to $48 in three months. Is it possible that Russia’s largest depositors saw this coming and have been slowly moving money out to the digital safe haven? We’ll never know, because the transactions are anonymous (thank goodness). But ask yourself this question: Where would you rather have your money? In Bitcoin or insured deposits in Cyprus?

http://lfb.org/today/none-dare-call-it-theft/