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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