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Greece only makes up 0.3% of the global economy, but it's causing a global stock market sell-off, including in the United States.
The Dow shed 200 points late Monday morning, the S&P 500 fell 1%, and the tech-heavy Nasdaq lost about 1.25% in early trading. Asian and European markets are even deeper in the red. Germany's main DAX index is down over 2.5%.
However, the situation is different now over more than two years ago, with tens of thousands of merchants like Dell, Microsoft and Expedia selling BTC for fiat currency. This is done on a daily basis, to pay daily expenses, creating constant downward price pressure. This certainly wasn’t the case globally in March of 2013.
Prices are up, interest in Bitcoin is up, and another looming economic collapse is a recipe for incredible highs for currency speculators. Should anyone expect US$1000 bitcoins by August? No, but don’t be surprised if history repeats itself, and bitcoin gains much more than the current 10% increase.
originally posted by: butcherguy
Which country will be the next domino?