<p>A large number of people in certain countries in Europe have begun using BTC as a place to shelter some of their financial holdings from government seizure.</p>

CC BY-SA 3.0
2013-04-05T18:52:30.040Z
Not that I necessarily disagree, but can you cite this claim?
BinaryMage
CC BY-SA 3.0
2013-04-05T18:57:49.800Z
Aren't those people playing with fire anyway given the wild fluctuation we might reasonably expect in the future?  I realize govt seizure is worse, but aren't there less risky places to shelter their funds?
themirror
CC BY-SA 3.0
2013-04-05T18:47:51.587Z
2013-04-05T18:47:51.587Z
Sparr
<p>Answers a plenty!</p>

<p>Because it broke $1b market cap?</p>

<p>Because it was on many financial paper front pages?</p>

<p>Because all the usual suspects (forex watchers) saw a bubble coming?</p>

CC BY-SA 3.0
2013-04-05T22:10:00.267Z
This question is likely to invite speculation and discussion. For that reason, I'm voting to close it.
Nick ODell
<market>
Why did bitcoin rise so sharply in the last week?
themirror
# Why did bitcoin rise so sharply in the last week?

(Asked by: username_0 on 2013-04-05)

Answers a plenty!

Because it broke $1b market cap?

Because it was on many financial paper front pages?

Because all the usual suspects (forex watchers) saw a bubble coming?

**Tags:** market

> **Comments:**
> **username_1**: This question is likely to invite speculation and discussion. For that reason, I'm voting to close it.  

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## 1 answers

### Answer by username_2 on 2013-04-05. Score: 1

A large number of people in certain countries in Europe have begun using BTC as a place to shelter some of their financial holdings from government seizure.

> **Comments:**
> **username_3**: Not that I necessarily disagree, but can you cite this claim?  
> **username_0**: Aren't those people playing with fire anyway given the wild fluctuation we might reasonably expect in the future?  I realize govt seizure is worse, but aren't there less risky places to shelter their funds?  

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