Fair enough, but I didn't mention El Salvador. Moving dollars in and out of authoritarian or war-torn countries isn't trivial. That's why I mentioned Venezuela

Fair enough, but I didn't mention El Salvador. Moving dollars in and out of authoritarian or war-torn countries isn't trivial. That's why I mentioned Venezuela and Ukraine.[0] Russia itself also has a significant crypto economy. None of this is to say there isn't demand for dollars in those places, just that supply of dollars is not exactly abundant. Thus, they go to crypto. That's the argument. [0] https://www.elliptic.co/blog/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military https://www.elliptic.co/blog/live-updates-millions-in-crypto...