Whether you are a troubled Greek citizen or any global investor likely to be affected by the "Grexit", should you buy bitcoin?

Bitcoin is occasionally viewed as an alternative source of value and could well be that in this situation. As exit from the Eurozone won't happen overnight, the Greek government may need to launch another currency parallel to the Euro they currently use. This parallel Greek currency will give the Greek Central Bank more control over the local economy but it is guaranteed to devalue in the near term and cause more pain for the Greek citizens. Bitcoin may prove more impartial and may appreciate if more buyers rush to it.

Challenge is of course how much money can the Greeks actually afford to spend on bitcoin. With Greek Banks shut until July 7th and huge lines outside bank machines following the capital controls measures implemented this weekend, daily withdrawals are limited to the amount of about 60 Euros. Banks accounts frozen otherwise and money is not allowed to leave the country.

Greece is defaulting on the 1.6bn Euros due to the IMF on June 30th...Hopefully those smarter Greeks who have been buying bitcoin all along will be in a better position that other less informed citizens.