Bitcoin (BTC) trading volume in the UK 2013-2021, per week
Bitcoin transactions from the UK grew steadily during 2020, as the cryptocurrency's price gathered pace, but did were not nearly as high as in late 2017. This conclusion reveals itself after investigating Bitcoin trading volume against domestic currencies used for the transaction of the virtual currency. The United Kingdom ranks as one of the countries with the most Bitcoin trading in the world in 2020.
It should be noted that the source believes the domestic currencies are mainly used by the domestic population: it assumes UK residents are the only ones who make transactions with British pounds. Whether this assumption is right or not, cannot be verified here. Also, the source does not explain the big difference between 2017 and 2021, or whether the high trading volume in 2017 was tied to a specific event.
It should be noted that the source believes the domestic currencies are mainly used by the domestic population: it assumes UK residents are the only ones who make transactions with British pounds. Whether this assumption is right or not, cannot be verified here. Also, the source does not explain the big difference between 2017 and 2021, or whether the high trading volume in 2017 was tied to a specific event.
