Bitcoin and Russia Capital Outflows

I agree that part of Bitcoin’s recent rise is likely tied to panic in the bond market, but I also suspect it’s connected to recent capital outflows from Russia.

There’s been a short bank run driven by fears of government asset seizures. While some money is going into brokerage accounts, those assets can still be frozen or seized. I suspect some Russians are moving money into Bitcoin as a more reliable and easily transferable store of value. This is bound to have a positive long-term impact, I’ll check my buddy’s Chainalysis account to see if I can confirm this ????