Megaupload founder: The market will collapse and you should buy gold and Bitcoin

FX168 News: Kim Dotcom, founder of Megaupload, recently said that the market may collapse due to Greece's default, so people should invest in gold and Bitcoin now.

Dotcom said: "Greece's bankruptcy may trigger a market collapse. My advice is to buy Bitcoin and gold. Both will rise in the event of a market collapse." He also said that the current economic system is a pyramid scheme and will eventually end.

Joshua Scigala, co-founder of Vaultoro, an online gold and bitcoin trader, said: "Some people are not waiting for the government to come up with a rollout plan, they are doing it themselves."

Data shows that due to the situation in Greece, the number of users with Greek-origin IP addresses has increased by 124% in the past two months.

“People are worried about their life savings and that their money will be frozen by the banks, so they are putting their money into gold or Bitcoin,” Scigala said.