Emergent
Published in

Emergent

This Bitcoin “Rally” Is Fake News

Russians aren’t buying bitcoin to avoid sanctions — crypto winter isn’t over yet

Last week Bitcoin rallied over 15%, leading a host of industry “experts” to claim that the surge was due to Russians buying cryptocurrency in the face of increasing economic sanctions from the international community.

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Tom Mitchelhill

Tom Mitchelhill

Writing on philosophy, finance & economics in the absurd world of modern capitalism