Wednesday, October 25, 2023 7:33:33 AM
India
India leads grassroots crypto adoption worldwide, taking the maximum score on the index (1). Nigeria (0.642) and Vietnam (0.568) come next. Coming in at under 0.5, the US(0.367) and Ukraine (0.215) are on the fourth and fifth places. The latter is the only European country on the world's top five and 10.
Is Argentina adopting Bitcoin?
Argentina is a major adopter of crypto on the world stage, with around a third of the population actively using it on a daily basis. But it is the economic crisis that has determined how and why the country adopted crypto.
Argentinas' stock market (The Merval) ;
The timing sure appears to have coincided.
Globally, equities are on the brink of collapse.......
China (as I've pointed out here numerous times), is just one of the countries in trouble.
Yes, perhaps ithis is one reason why the SEC is hesitant to fully legitimize cryptos.
Compare that last chart there to Grayscale Bitcoins'
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=0&y=0&time=100&startdate=1%2F4%2F2023&enddate=9%2F10%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
How high could Grayscale Bitcoin go if everything turned south ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=gbtc&x=43&y=10&time=100&startdate=1%2F4%2F2015&enddate=9%2F10%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Hangseng, Shanghai, Germany, Ukraine, Isreal
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