Re: Against the British pound, Bitcoin trade volume shoots up!!
Inflation is such a normal thing here which has made majority of Iranians into hardcore investors. From gold (specially coins) to real estate and stock market.
That's the difference in Europe (and no doubt the US too now): since the negative interest happened, the usual hedges against inflation don't work anymore. Gold, real estate and the stock market are dropping now. So while fiat money is losing it's value, those investments are dropping faster.Not sure if you're just referring to Gold investors here, but I've never understood anyone that didn't think a recession has been coming.
I'd say a recession is long overdue.Quote
I know it's technically only the pound right now that's massively suffering
I guess you haven't checked how the euro is doing 