The global economy has been especially tuned in to Greece this week as the country experiences great financial difficulty. Greece is in a political and economic quagmire as the government decides between a repayment plan to the European Central Bank or an exit of the Eurozone altogether.
On Tuesday Greece announced that it would default on a $1.7 billion loan from the IMF. Greek banks closed on Monday and have continued to remain closed while restricting any cash withdrawals to 60 euro a day.
In response to this crisis in Greece, the Bitcoin community on Reddit and Twitter is vocalizing parallels between Greece's financial and banking problems and solutions that utilize Bitcoin. While Bitcoin won't solve Greece's immediate economic problems, it does highlight the issues that people face with the modern banking system.
Banks that are only open during limited business hours and restrictions on customers' use of their accounts is reminiscent of a legacy banking system from the 20th century. With the efficiencies that Bitcoin can offer incumbent financial institutions, 24/7 banking where users have control of their own funds should be a no-brainer.
The biggest impact that Greece's situation can have on Bitcoin is more of an indirect result to the Euro. The uncertainty of Greece potentially leaving the Eurozone is having a negative impact on the Euro, and global markets have been down this week. Global investors may re-evaluate their portfolios and look to Bitcoin as an investment.