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I'm sure there is capital flight in the region going into Bitcoin, we saw that with Russia and Ukraine too so maybe it is part of it, but I do think the I'm going to front run an ETF crowd is trying to get in on a position because if a fake news article can pump it like that, what would legit news do?
I think that there's also certain countries where bitcoin is reaching new all time highs so for them its bull market time, so might as well jump on board