Italy parallel currency

[Portorico952]

There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.

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[Bervelukan]

That I think will greatly help the rise in bitcoin prices, because the number of owners of the euro currency of the year will be Italian policy, and I think many will switch to save in the form of cryptocurrency like bitcoin.

[cryptossi]

There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.

This news could really blow up the Euro, does this mean Italy is in serious trouble?

[forumsehat]

Yes it is true that this will be a very good spike, and I really hope so and can raise the price of bitcoin at a very high point longer than last year.

[bitart]

There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.

It seems that the problem has been at least postponed, according to CNBC:
https://www.cnbc.com/2018/05/21/this-is-the-impact-the-italian-populist-government-could-have-on-the-euro.html
Also, I'm not 100% sure that people will choose a currency with high volatility and risks if the EUR currency goes down, maybe only a little part of the people will start to buy bitcoin. Average people are not making such decisions easily under pressure and because of the end of the last year when a lot of newbie has burnt himself/herself with bitcoin, it won't make such a high impact on bitcoin price... but this is just my understanding...

[iconternal]

It's very good news for crypto or bitcoin money, and I think with the closing EURO so many people are going to switch to invest in bitcoin.

[sakahayang]

There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.

The news you have provided here has not been proven to be true, please give us the link so we can confirm the news!

[Maame Esi Sergio]

There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.

Looking at the current price of bitcoin, it is not encouraging at all. SO I am with the conviction that this will surely help boom  the price of bitcoin and other coins as well.

[Portorico952]

https://editi[Suspicious link removed]/2018/05/22/opinions/italy-next-government-europe-next-crisis-opinion-intl/index.html

[shimbark123]

Is this for real? If it is, then this would be the cause of a major rise of bitcoin. This would be really great for all of us. Can this be the cause of the rise of btc? Who knows? But I believe that this could be it.

[rizkypurwati]

is this news true? because if this is just a speculation to raise the price by making the issue I think is not very relevant. but if this can make bitcoin prices soaring and correct as it is I will be very happy and obviously bitcoin prices will surely surpass last year

[DdmrDdmr]

It is certainly not a done deal, and may not be at all (see https://www.cnbc.com/2018/05/21/this-is-the-impact-the-italian-populist-government-could-have-on-the-euro.html).

Preliminary Government Program drafs did reference abandoning the Euro, but those initial drafts normally tend to go to extremes when trying to negotiate a government between left and right wing).

[paymentbit21]

Now this happens that there are simply no words, I hear little news in which there is benefit to people (

[senin]

There is new populistic Government in Italy.
Itay is going to dump Euro and it will cause huge turmoil in Europe. New parallel currency will be in circulation and Euro accounts might be closed for owners. That will cause surge in Bitcoin prices like in the case of Cypres in 2013.

While I did not hear such news. However, if this happens, then there should be a certain growth in Italy of the bitcoin rate and generally crypto currency. Even partially, people will move their assets to the crypto currency. However, I still doubt that Italy will withdraw from the European Union. England has made such a decision, but there they already want to go back. Italy within the countries of the European Union in general will be very bad.

[Portorico952]

Italian President just refused to accept results of parlamentary elections.

Now EU must bail-out Italy at all costs. It is good news for the Italians - enjoy life and take and spend more debt for a while. EU is paying all.
Bad news for Europe. This will just accelerate Euro demise because some other countries will ask for the same treatment.
Money for that must come from somewhere. We can see more Euro exits or Greece scenarions with drastic drop in purchasing power in population.

Whatever happens Bitcoin will grow!

[contrau]

It's very good news for crypto or bitcoin money

[aoluain]

I havent heard anything of this in the news articles and im not sure
if abandoning the euro money will result in an uptake in bitcoin.

In the cnbc link the report states:
An incoming populist government in Italy may no longer be looking
to ditch the euro currency

That will be a government backed decision and they will not accept
a crypto alternative.

[hao98]

I really hope so and can raise the bitcoin price very high compared to last year. bitcoin 25000 usd later this year

[sabihanazir]

I think it's really good news for cryptocurrency . If   this happens, then there should be a certain growth in Italy of the bitcoin rate and generally crypto currency. Even partially, people will move their assets to the crypto currency. And  i think with the closing EURO so many people are going to switch to invest in bitcoin.

[bolbau]

this is good for crypto industry, but i am not sure it is good for italy country. closing the euro will make the Italians look for other investment alternatives, maybe bitcoin and other types of crypto will be quite interesting for them. at least it will help the recovery of market prices that experienced many shocks this year. but I also hope, the move of people from the euro to crypto not only for a moment and a moment of profit-seeking, but also for the future of a better crypto