The Cypriot issue was just good press and got Bitcoins in many people's radar screen (in Europe and the U.S.). Has anybody done any research to see if Cyprus has the infrastructure for it's citizens to buy Bitcoins. They are a small country and probably don't have a middle money service like Dwolla or bitInstand and if they do, how much are their fees? They almost revolted over a 6.95% tax, after successfully defeating that, I think that they are not going to want to pay 5% in fees (bitIstand) just to keep their money safe.
I think that returns are the main force behind last week and this week cash inflows. The one week return though Tuesday at midnight was 32.74% (closing 3/19/13- $59.14, 3/26 - $78.50 : based on closing prices as listed at
http://bitcoin.clarkmoody.com/ ). I have not seen a news story about any returns this week which really surprised me. I think the media missed that the price fell 40% in less than 24 hours and was fully recovered by Sunday night. This should of been major news because it debunks the fallacy that the recent rise of the price of Bitcoins was/is a bubble. No bubble can withstand being hit by a hammer and not break and a 40% drop in price is a very big hammer.
