Bitcoin Price May Surge As Italian Banks Send Alarm Signals For Europe

in #bitcoin5 years ago

On the 25th June the Italian government formalized the rescue of two major mutual banks on the brink of bankruptcy. These banks are Banco Popolare di Vicenza and Veneto Banca. Currently no investors found in the market to help these mutual banks.  Such situations are causing investors all over Europe to question the safety of the banking system. Like as Greece and Cyprus now the Italian Government sending alarm signals. These could led to a significant surge in Bitcoin price, as investors sought safe havens and access to liquidity.

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