Asia has dominated this market for the last 2 years. They dumped their inventory on the US/EU at the top in early 2021 and bought back their coins from them in summer.
Their trading hours are currently trading at the highest premium since last summer.
@TheCryptoLark What’s going on is:
*Russian bank run - buying #btc
*Ukrainian bank run - buying #btc
*Canadian bank run -buying #btc
*Oligarchs buying #btc
*Inflation - buying #btc
*Everyone smart enough to see this happening - buying #btc
Venezuela 🇻🇪 has the 3rd highest level of #Bitcoin adoption in the world, as people increasingly use it to mitigate economic instability.
For instance, Bolivars, the local currency, are worth almost no more than the paper they're printed on, and used to create wallets and bags: