It depends if most of people there will hug bitcoin and will devaluate their main currency just like Chinese did recently.

But prior that to happen, it will depends on how the government will handle those banking problems and how they will deal with the European Central Bank that follow Europen Union Rules.

That is a major problem and a good solution with fair consequences to all concern must be placed.

It's a huge problem which will raise tensions between Roma and Frankfurt, but I don't see how it could have any effect on BTC. BTC and the € are not in the same boat.

In my opinion, the financial crisis will not turn to be a major crisis that can no longer be solved. There are already some steps made to combat and solve this issue so as not to make it more degrading and turn the economy of UK upside down. Bitcoins price on the other hand will going to increase or decrease but it will not last for long since the price of bitcoins will go back sooner or later to the current price that it has now.

It is a gigantic problem. Don't assume this one is easy to solve.

Italian banks have many hundreds of billions in toxic debts on their books and an increase in non performing loans.

These banks have issued bonds to raise capital, waiting for their share price to recover and economic growth to pick up.

The issued bonds are held by other eurozone countries, and most bank share prices are down well in excess of 70% since 2008.

Italy wants an old fashioned taxpayer funded bank bailout but new EU rules state that bond holders must take the first haircut, not the taxpayer.

So, either a) ailing German, French and Spanish banks take a hit, which they cannot afford to do, or b) Italian taxpayers do, changing the bail in laws in the process, giving the 5 Star movement a probable election victory and maybe the impetus to leave the EU.


As it drags on, this should see small inflows to bitcoin, but more to gold, but even more still to everything USD related, especially us treasuries.

The next financial crisis could happen next year when the Britain declares Euro exit and financial institutions move out of UK.

The bitcoin price rose many times in 2013 due to the financial crisis in Europe. This time, it could also rise a lot.

Well I hope you are right that the effect of that crisis will be the increase of bitcoins and not the other way around. But the financial crisis in Europe may not really affect the price of bitcoins. Since only a small number of people are engaging in bitcoins compare to the total affected individuals in their area.

Just like what i said before the increase or decrease on bitcoins for this year will be just temporary and it will return to the current price. But also it may not happen.

The Italian banks have problems for long time. Why have them explode and cause big problems to the country?

Gold will hold it's value but how do you buy gold with worthless fiat? People will start buying gold with bitcoins I presume, so that means we are looking at the long predicted one world currency...

if there is some financial trouble then it might inspire a little bitcoin pump. are any real people gonna convert their precious funds to bitcoin? I seriously, seriously doubt it. it's got a bunch more proving to do before it's the new gold.