By Vin Narayanan “Follow the money” is an old adage in journalism. (It was memorialized in the movie All the President’s Men). It’s a useful saying for investors too.
In this week’s chart, we follow the money to see which bitcoin exchanges Americans (or U.S. dollar holders) are trading on.
So why is this chart important? Let’s follow the money…
The first thing to notice is the exchanges Americans are using to buy and trade bitcoin. That’s useful information. Remember the chart reflects only U.S. dollars being traded as bitcoin. It doesn’t reflect the yen (Japan), won (South Korea), euro (European Union) or other currencies being …read more
