There's a spike in Bitcoin activity around the time foreign aid money goes out

b3lvedere

See also the 2nd reaction on the [What-Used-To-Be-Twitter] webpage. "anyone who follows development finance closely or has worked in the sector knows that the main challenge is getting the funds to reach their destination and avoid getting diverted by corrupt officials"

Lerc

If bitcoin were being used as intended, as a currency, would that not also produce this effect?

metalman

given the technology bieng used, with the complete data sets availible to government and banking officials, it is trivial to (never) determine precise timing,(locations,etc) and amounts, which are very likely going to be almost sycronous, and of exact amounts, that in many cases will perform an almost perfect rebound manouver.