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Author Topic: 2013-03-22 Blackjack Champ "Cyprus Crisis Increases Flight to Bitcoins"  (Read 614 times)
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March 22, 2013, 02:55:57 PM

Clearly, a virtual currency with no single physical presence, on which no government can levy taxes, carries a definite attraction these days, especially in countries whose economies are in a less than perfect shape.

A couple other interesting paragraphs:

A host of vendors also accept payments made in Bitcoins and recently a British man sold his entire house for this virtual, peer-to-peer currency. But a major area driving popularity (and price) of Bitcoins upwards is online and mobile casino gambling.

Did I miss something, or is this just an interesting example of the telephone game?

Another significant development that could have led to this surge in demand for Bitcoins observed over the past couple of days may have been the decision earlier this month by iPoker’s skin, to add the cloud currency among its deposit and withdrawal options.

Considering these gambling trends it is possible that the events in Cyprus merely served as a catalyst for some people to start working on smart strategies to achieve financial security, but the main driver may still be the increasing availability of gambling destinations accepting Bitcoins.

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