Does this mean Bitcoin's price will go through the roof?
Maybe, it the new rules allow the banks to deduct half the money in your account to bail themselves out.
Just wait until it bites...
These articles explain it although I'm not sure how reliable they are.
From what I can make out the first article seems to say that under the proposed rules deposits larger than a certain level (GBP 85,000 in the UK) can be used to bail out the banks if they go bankrupt.
http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies
http://www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investments
Does anyone have any more reliable sources of information?
I very seriously doubt it
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