Post
Topic
Board Speculation
Re: this pump is because of russia?
by
zezaiement
on 29/04/2023, 13:24:35 UTC
It is difficult to say that the current pump is due to Russian influence, as we know that the development of bitcoin users is increasing rapidly and in Africa there has been an increase of up to thousands of percent since 2021 so the pump is due to a significant increase in the number of users.
It is also possible that the pump is being driven by speculative activity, where investors are buying Bitcoin in anticipation of future price increases, rather than actual adoption or usage of the technology, or returning back to Russia. It's best to exercise caution when attempting to attribute market movements to any one specific factor, especially without concrete evidence.