Stack Exchange Network

Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange
3 edited tags
| link
    Tweeted twitter.com/#!/StackSkeptic/status/323117258815717377
2 edited tags
| link
1
source | link

Is the recent surge in bitcoin prices driven by Cypriot investors?

There are numerous stories out there linking the rise in bitcoin prices seen in the last few weeks with events in Cyprus.

Some stories go as far as claiming that Cypriots are buying the things themselves as an "alternative store of value" e.g:

Looking for a way to transfer their finances into something more stable, Cypriots have flooded the Bitcoin market, dumping millions of Euros into the fledgling online market.

Is there any actual concrete evidence that Cypriots (or I've also seen Greeks and Spaniards mentioned as buyers) are really doing this? (All I can find is speculation apparently based on the timing of events).