by Mish Shedlock, Mish Talk:
Let’s discuss an alleged flight to Bitcoin claim and what it means.
Investors Ditch the Euro and Pound for Bitcoin in Record Numbers
Please consider Investors Ditch the Euro and Pound for Bitcoin in Record Numbers
“As these individuals from the UK and EU see the value of their currency collapsing, they effectively selling the pound and euro for Bitcoin. If this were just a trade to capture the volatility, we would have seen similar spikes in May 2021 and certainly in March 2020.”