Underappreciated fact about Bitcoin: prices tend to surge when the Bitcoin economy suffers unexpected disruption to their access to money.
This was before it was widely confirmed that Mt. Gox had suffered a crippling loss of money and Bitcoin.
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You could swap USD-denominated and BTC-denominated liabilities of a company under crisis and one could be satisfied immediately.
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This resulted in a fairly predictable move in relative valuations of those liabilities, but had knock-on effects on BTC worldwide.
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