Bitcoin this week has seen a sleuth of media articles regarding Bitcoin euro volume:
ZDNet: Bitcoin safer than the euro?
Motherboard: With Euro Instability, Can Bitcoin Now Compete with Hard Currency?
BetaBeat: Bitcoin Gets a Boost From Euro Crisis
Business Insider: And Now Europeans Are Dumping Euros For Bitcoin
Sweet Vociferation: Euro fears boost virtual currency Bitcoin
Slashdot: With Euro Zone Problems, Bitcoin Experiencing Boost In Legitimacy
Financial Post: Euro fears boost virtual currency Bitcoin
I’ve been putting off saying anything due to dealing with the Bitcoinica issue, but this is too much.
Bitcoin euro volume has barely increased (if at all). The only thing that’s happened is that the euro has increased in price vs the dollar slightly.
This is a case of media organisations engaging in copy-cat cut and paste story writing without fact checking. I believe the stories are wrong.
Also remember Betteridge’s Law of Headlines:
Any headline which ends in a question mark can be answered by the word ‘no’