I predict the euphoria over giving Greece another $60 billion will be short lived. I also feel confident Bitcoin will hit $600 before year end.
Most of the world is in SERIOUS debt trouble. Greece and Puerto Rico are the tip of the iceberg, and the lemmings haven't come to grips with reality yet.
Anyone that does the math knows the bail out is just a big fucking joke, only a moron would move money into greece.
The entire world is essentially bankrupt. All they can do now is try to buy a little more time before it all comes tumbling down.
I agree with your assessment of the world's economic situation. However, when things come tumbling down, food fuel and ammo will be in demand. What makes you think people in survival mode will care about btc?
A financial collapse will cause panic. It already has to some degree. You can see crime is up across the country, people losing homes and so on. I believe it will get much worse, but in bad times things like gold and silver always play a part just like alcohol, tobacco, and other barter-able items. I see BTC, and some alts as super-gold, because they can easily be transmitted, don't require a bank, they are very secure, and you have complete control. No doubt many businesses will find Crypto more appealing as inflation goes wild, and the fiat system crumbles. All the debt has to cause inflation, it's simple math, and you can see it happening all around you...