Bitcoin rose above $700 for the first time since the Mt Gox disaster

Long LinkedIn, the VIX and Bitcoin today have all been massive trades.

Bitcoin is up 20% and rose above $700 for the first time since Feb 2014.

There's a clear correlation trade shaping up. Whenever there is a threat of capital controls or an inability to get money in or out of a country, Bitcoin climbs.

It's done well since China began to wave the white flag on FX liberalization and, more recently, entrepreneurs in Venezuela are said to be using Bitcoin.

There are websites that show the locations of Bitcoin transactions and it's a steady stream in China.