what effect has the recent cypress news had on the price of bitcoin?

[shmadz]

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

[Spaceman_Spiff]

My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

I guess both.  The last part is certainly true.  Confiscation is a symptom of economic and financial crisis.  The counterparty risk and fiat dilution that are accompanied by such a crisis is the reason why people look for alternatives such as bitcoin. 

[BitPirate]

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

You won't find much if you search for the name of a tree.

[Spaceman_Spiff]

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

You won't find much if you search for the name of a tree.

You might find a hill ...