Why Bitcoin Purchases Have Been Soaring Lately

FRANKFURT (The Street) -- At least one "currency" is benefiting from the recent turmoil in Greece and China. Bitcoin is experiencing a bit of a bull run. The digital currency/technology surged 20% in value from June 8 through the July Fourth weekend. NYSE-backed bitcoin broker Coinbase reported a 300% increase in European activity outside of Greece in less than 48 hours during the last days of June, and recorded almost 120,000 transactions in a single day in the last 30. In fact, the hybrid status of bitcoins - the IRS defines them as…Read more …