{"id":577521,"date":"2022-09-28T19:54:37","date_gmt":"2022-09-28T18:54:37","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=577521"},"modified":"2022-09-28T19:54:48","modified_gmt":"2022-09-28T18:54:48","slug":"investors-sell-gbp-euro-for-bitcoin-btc-in-record-numbers-reaching-881m-in-volume","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/investors-sell-gbp-euro-for-bitcoin-btc-in-record-numbers-reaching-881m-in-volume\/","title":{"rendered":"Investors Sell GBP &#038; EURO For Bitcoin (BTC)  In Record Numbers Reaching $881M in Volume"},"content":{"rendered":"\n<ul><li>Bitcoin trading volumes recorded an all-time high against GBP today on Sep 28th, as GBP fiat currency showed weakness.\u00a0<\/li><li>According to the Strategy adviser of investment giant VanEck, BTC should see increased interest from the G20 countries as a hedge against their own policies.\u00a0<\/li><li>Over the past year, GBP has collapsed by -22% against USDT.\u00a0<\/li><\/ul>\n\n\n\n<p>Bitcoin trading volumes recently recorded a rapid increase against GBP as fiat currency is threatened, and GBP recorded lows against the dollar. According to<a href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1574467136168366094\" data-type=\"URL\" data-id=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1574467136168366094\" rel=\"nofollow noopener\"> Gabor Gurbacks<\/a>, the Strategy Adviser of Investment Giant Vaneck, the UK will soon be &#8220;orange-pilled&#8221; in investing in BTC, given GBP volatility. VanEck continued to state that if not the UK, other G20 countries may start taking some small Bitcoin positions to hedge against their policies.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>The United Kingdom will get orange-pilled very quickly given GBP volatility. Given that the UK is now outside of the EU bureaucratic apparatus, it will get another chance to become a <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hashtag_click\" rel=\"nofollow noopener\">#Bitcoin<\/a> hub. I think UK leaders will use this opportunity reasonably well.<\/p><cite>Gabor Gurbacks, VanEck<\/cite><\/blockquote>\n\n\n\n<p>The recent pound selloff sparked a trade of $BTC against other devaluing currencies. GBP&#8217;s disintegration hit the lowest record this week at nearly $1.03.&nbsp;<\/p>\n\n\n\n<p>The United Kingdom will get orange-pilled very quickly, given GBP volatility, said Gurbacks. Given that the UK is now outside of the EU bureaucratic apparatus, it will get another chance to become a\u00a0<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hashtag_click\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin<\/a>\u00a0hub. I think UK leaders will use this opportunity reasonably well.<\/p>\n\n\n\n<p>Bitcoin could be a hedge against their own policies, which is worth a small % allocation and support. Some are starting to understand this, continued to say Gurback.<\/p>\n\n\n\n<p>According to data from <a href=\"https:\/\/twitter.com\/jbutterfill\/status\/1574750120222023680\" data-type=\"URL\" data-id=\"https:\/\/twitter.com\/jbutterfill\/status\/1574750120222023680\" rel=\"nofollow noopener\">Coinshare&#8217;s<\/a> Head of research, Bitcoin volumes were up $881M yesterday against GBP.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"635\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1024x635.png\" alt=\"\" class=\"wp-image-577523\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1024x635.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-300x186.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-770x478.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1536x953.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-2048x1270.png 2048w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-269x167.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-746x463.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1376x853.png 1376w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/figure>\n\n\n\n<p>Bitcoin trading volume also made a record of 878.11% increase in the past 30 days.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"976\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1-1024x976.png\" alt=\"\" class=\"wp-image-577524\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1-1024x976.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1-300x286.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1-770x734.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1-269x256.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1-746x711.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/image-1.png 1296w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/figure>\n\n\n\n<p>MicroStrategy Founder Micheal Saylor also <a href=\"https:\/\/twitter.com\/saylor\/status\/1575185813821718528\" data-type=\"URL\" data-id=\"https:\/\/twitter.com\/saylor\/status\/1575185813821718528\" rel=\"nofollow noopener\">stated <\/a>that when central banks intervene to prop up their bonds, they cripple the capital markets and collapse their currencies. According to Saylor, Bitcoin offers a sound economic &amp; ethical alternative.\u00a0<\/p>\n\n\n\n<p>Bitcoin has been increasingly outperforming major currencies in the past week by 6.3%, as currencies such as Yen, Gold, China Yuan, and British Pound record falls in value.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"625\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming-1024x625.jpg\" alt=\"\" class=\"wp-image-577525\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming-1024x625.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming-300x183.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming-770x470.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming-269x164.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming-746x455.jpg 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/09\/Bitcoin-outperforming.jpg 1160w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/figure>\n\n\n\n<p>Investors appear to not only be running away from the inflation issue in the EU and UK and moving their money to US government bonds but also considering Bitcoin as a potential safe haven against fiat devaluation. This test could put Bitcoin at the forefront as a currency devaluation hedge.\u00a0<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1574462992099545094\" rel=\"noreferrer noopener nofollow\">&nbsp;<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin trading volumes recorded an all-time high against GBP today on Sep 28th, as GBP fiat currency showed weakness.\u00a0 According to the Strategy adviser of investment giant VanEck, BTC should see increased interest from the G20 countries as a hedge against their own policies.\u00a0 Over the past year, GBP has collapsed by -22% against USDT.\u00a0 Bitcoin trading volumes recently recorded a rapid increase against GBP as fiat currency is threatened, and GBP recorded lows against the dollar. According to Gabor [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":577526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[6971,108722,3509],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/577521"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=577521"}],"version-history":[{"count":1,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/577521\/revisions"}],"predecessor-version":[{"id":577527,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/577521\/revisions\/577527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/577526"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=577521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=577521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=577521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}