That brings up the question of why their demand doesn't drive up the price of bitcoin?
Is it because they're too small a share of the market to make a meaningful price difference?
Is it because there is a price difference, but capital controls make it so that they're trading on segregatred markets?
Is it because instability which drives bitcoin demand will simultaneously erode the value of the local currency, making the bitcoin/USD exchange rate look stable?
That brings up the question of why their demand doesn't drive up the price of bitcoin?
Is it because they're too small a share of the market to make a meaningful price difference?
Is it because there is a price difference, but capital controls make it so that they're trading on segregatred markets?
Is it because instability which drives bitcoin demand will simultaneously erode the value of the local currency, making the bitcoin/USD exchange rate look stable?