Trading from misty Albion was compelled to migrate to bitcoin as a result of the British pound's decline versus the US dollar. Over the previous several days, the BTC/GBP pair's trade volume has been rising.
The cryptocurrency exchanges Bitfinex and Bitstamp saw the highest increase in activity from British investors.
Last Monday saw a 110% surge in transactions when bitcoin was used in conjunction with the pound sterling.
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British pounds have lost value this week, going from $1.17 to $1.07. Investors transfer to bitcoin when their local fiat currencies start to lose value, which puts their cash at risk, claims James Butterfill, head of CoinShares' research section.
In Turkey, against the backdrop of the lira's devaluation, a like situation was seen. The BTC/TRY pair's trading volume rose to a record high.