In the first huge BTC run-up, Iran and the Norks were rumored to be buyers. Bitcoin allows them to circumvent trade sanctions.
A rogue country isn’t going to care about what price they are paying for Bitcoin because it’s not for investment. It’s for hiding payments.
Good luck proving that.
Sounds like propaganda from the central banks (aka control freaks)
True but they are selling at some point so it should not lkeep the price high forever. Same with the Chinese who used Bitcoin for capital flight. Price didn't matter to them either even at $20k. But the selling pressure eventually catches up.