Not being the official currency of any of the world's countries, Bitcoin, therefore, is absolutely not tied to the economic, political sphere of a certain state. The cost of bitcoin can react to the widest spectrum of all sorts of events: from controlling various movements of capital in the interior of Greece to a sudden devaluation of the yuan in the PRC.
The widespread general economic instability, a certain panic, caused the growth of the btc rate at times.
For example, in 2013 the Cypriot authorities decided to introduce control over open bank accounts. After this, a rather large percentage of account holders in Cyprus have their own views turned to the bitcoin that gained popularity, which caused an increase in its price.
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