One of the founders of DataTrek Research, a research company, Nicholas Kolas informed that Bitcoin has become an excellent indicator of the political and economic instability of a particular country.
According to him, bitcoin is among the assets whose rate allows us to predict problems in the country’s economy.
“If you carefully monitor the Bitcoin exchange rate, you can safely say that this asset was able to predict the protests in Hong Kong and the rapid outflow of capital.”
It is worth noting that this view is supported by another Forbes expert and former Deutsche Bank head Peter Chir, in a recent article he wrote:
“Bitcoin BTC is a leading indicator of latent tension in geopolitics, based on the movement of its price, problems can be predicted.”