Bitcoin is the only way for capital to escape from the Middle East.

Previously, I analyzed the timing of that price surge and Google search trends, which showed that the rise occurred during the European trading session, with Europe being the region with the highest Bitcoin search volume. Some people told me that wealthy people from the Middle East were buying, which I think makes a lot of sense. Wealthy people from the Middle East are going to Europe to buy BTC. After all, at the current price of gold, using it as a safe haven is a bit unreliable. On the other hand, BTC at this level might be a more reliable safe haven than gold.