As for whether any real-world metrics can support the notion that Greek citizens may be turning to bitcoin, it seems to be among the few business owners that seem to have found evidence of the conclusion.

Vaultoro, he said, has recently seen a 124% increase in visitors with Greek IP addresses, compared to 64% growth in Europe and 83% in Asia.

“Greece stood out at 124% growth because it’s a smaller country and we don’t do any direct marketing in Greece,” he continued. At the same time, Vaultoro saw 66% and 62% increases from Germany and Spain, respectively.

However, because Vaultoro ultimately allows its clients to use bitcoin as a medium of exchange between fiat currency and gold, Scigala clarified that any uptick in Greek users on his service was unlikely to affect the price.

Other digital currency industry business owners, including European exchange providers such as LocalBitcoins and CoinSpace, reported no changes in their incoming IP traffic from Greece.

“I can’t see any notable increase in new registered users from Greece apart from normal growth,” said LocalBitcoins community manager Max Edin. “Overall trade in EUR is up a bit this past week, but still within the regular growth trend we see.”

Further, Edin sought to downplay the idea that activity in Greece on its exchange was notable enough to spur price movement.

“Trade volume from Greece is such a small part of our overall volume that it can’t have an effect on the market price,” he added.

CoinSpace CEO supported this conclusion, stating that he has found no figures from his HD Wallet that suggest interest from Greece is on the rise. Additionally, he found no increases in account funding or trading volume due to the activity of Greece-based clients.

“It’s really hard to know how much actual bitcoin movement in Greece is driving activity and how much of it is just outside speculation,” he continued.

Disclaimer

 

Be safe & secure: We highly recommend that you read our guide on How to Prevent Loss & Theft for some recommendations on how to be proactive about your security.

 

Always backup your keys: CoinSpace & Coin.Space. You do not create an account or give us your funds to hold onto. No data leaves your computer / your browser. We make it easy for you to create, save, and access your information and interact with the blockchain.

 

We are not responsible for any loss: Ethereum, Litecoin, Bitcoin CoinSpace & Coin.Space, and some of the underlying Javascript libraries we use are under active development. While we have thoroughly tested & tens of thousands of wallets have been successfully created by people all over the globe, there is always the possibility something unexpected happens that causes your funds to be lost. Please do not invest more than you are willing to lose, and please be careful.

 

Translations of CoinSpace: The community has done an amazing job translating CoinSpace into a variety of languages. However, Coinspace can only verify the validity and accuracy of the information provided in English and, because of this, the English version of our website is the official text.

 

MIT License Copyright © 2015-2017 CoinSpace

 

Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

 

The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

 

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

You have Successfully Subscribed!