Cyprus Made the Crypto Use Case

The European sovereign debt crisis was a harbinger of things to come.

ATrigueiro
Jul 14 · 4 min read
Cyprus is a playground for very rich people

In 2013, the sovereign debt crisis in Europe was in full swing, with Greece leading the way downward. Bitcoin shot over $1000 and stayed there. It did not take long to figure out why.

The sovereign debt crisis affected another European nation closely tied to Greece…