The underneath is a right away excerpt of Marty’s Bent Issue #1269: “Interesting reaction out of the U.K.” Sign up for the newsletter here.

Is bitcoin diverging from traditional markets? Are people starting to wake up to the fact that the fiat system will not save them in times of crisis?

by way of Coinshares

Here is a chart that has been lingering in my thoughts during the week. It was once shared by means of the workforce from Coinshares and highlights bitcoin buying and selling quantity within the U.Okay. previous this week whilst the British pound was once in loose fall. As you’ll be able to see, volumes exploded to only underneath $900 million, achieving their easiest degree in additional than two years. It is arduous to discern the intent of those that have been buying and selling bitcoin in measurement over within the U.Okay. It might had been other people having a look to benefit from temporarily growing arbitrage alternatives, other people having a look to promote bitcoin to get liquidity to provider failing trades or other people having a look to buy bitcoin as a hedge towards speedy forex debasement.

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