Wednesday, January 18, 2017

18/1/17: Bitcoin Demand: It's a Chinese Tale


Bitcoin demand by geographic location of trading activity:


H/T for the chart to Dave Lauer @dlauer


It shows exactly what it says: Bitcoin is currently driven by safe haven instrument (and not as a hedge) against capital controls. Which implies massive expected price and volumes volatility in the future, wider cost margins and artificial support for demand in the near term.


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