“Where is all of the momentum behind the Bitcoin trade coming from? 1. An increasingly tech-savvy base of savers all around the world don’t think it is any stranger to trust an open-source piece of software than it is to put your money in a commercial bank. 2. Lots of people around the world are uncomfortable with central bank policies, which seem to give money away to a global banking system which remains fundamentally broken. 3. Worries over heavy deposit taxes in various European countries (Spain, Greece, and even Italy), courtesy of the resolution to the Cypriot banking crisis 4. Some clarification of U.S. regulations, bringing Bitcoin long-needed legitimacy…”
http://www.businessinsider.com/colas-clients-think-bitcoin-is-a-bubble-2013-4