Yes, the MMM Global ponzi scheme now requires participants to fund their account in bitcoins. This is likely what nudged the price of Bitcoin upward. Even the C

Yes, the MMM Global ponzi scheme now requires participants to fund their account in bitcoins. This is likely what nudged the price of Bitcoin upward. Even the CEO of BTCC (China's 3rd largest Bitcoin exchange) admits it: http://www.coindesk.com/bitcoin-price-breaks-260-to-hit-two-month-high/ http://www.coindesk.com/bitcoin-price-breaks-260-to-hit-two-... However, at this point the Bitcoin price surge alone almost certainly ignited a Bitcoin speculative bubble that is self-sustaining and would continue even if MMM was shut down today. I mean look at a hockey stick graph like this, it's enough to trick people into thinking now is a good time to buy "because it's going up": http://bitcoincharts.com/charts/bitstampUSD#rg30zig6-hourztgSzm1g10zm2g25 http://bitcoincharts.com/charts/bitstampUSD#rg30zig6-hourztg... This speculative bubble is taking place mostly in China right now, as all Chinese exchanges trade at a premium over American exchanges. In fact Huobi just hit 3188 CNY (503 USD): https://bitcoinwisdom.com/markets/huobi/btccny https://bitcoinwisdom.com/markets/huobi/btccny when most American exchange are at 460 USD —a 9% arbitrage opportunity!