Bitcoin, the virtual decentralized currency, demonstrates value spiking and increased market interest in close proximity to a global financial crisis. Evidence of that can be seen in the 2013 banking crisis in Cyprus, and recent banking crisis in Spain. In both cases, weakness of existing currencies and a lack of faith in institutions and central banks, generated a higher appeal for Bitcoin, when large amounts of Bitcoin were bought, being perceived as immune to the machinations of inept or crooked bankers and politicians. Bitcoin Purchase directly and via the Bitcoin Paypal application and other digital platforms had seen an unprecedented overflow, which also resulted in major Bitcoin rate increase.