Who sees opportunity now in Greece? Oh, Bitcoin.

The World
Updated on
People line up to withdraw cash from an ATM in Greece

The Bitcoin community is having an "I told you so" moment.

The value of the virtual currency has been on the rise this past month amid the growing panic about Greek’s financial future. Across the country, banks are shuttered and capital controls are in place until the referendum on Sunday. By Saturday, a rush emptied as many as 500 ATMs, Bloomberg reported

It’s in this context that using Bitcoin may seem appealing. The virtual currency is touted by its fans as the future of finance because it isn’t subject to any governmental control or central authority. 

For many, including well-known Internet entrepreneur and businessman Kim Dotcom, the crisis in Greece serves as a huge argument in favor of Bitcoin.

View post on X

Do you support journalism that strengthens our democracy?

At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.

Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!