It is also highly important to point out that Hong Kong had a huge surge in crypto exchanges. Not just volume and all, but also the companies as in exchanges, so that means there was so much interest that people started to build local exchanges there in rapid pace as well and there was a huge volume uptick as we all know.
This shows clearly that when you are not happy with your government, you tend to find other methods to put your money, and when you find something that allows you to both keep your money away from the government AND spend it at the same time as well that is the best clear choice you could ever have. Unfortunately there are too many old people that can't really comprehend how it all works but we could manage to help them as well we might see a huge increase.
When the trust in the government fades then it is completely natural for people to lose their confidence in their fiat currency and try to find alternative methods to keep their wealth, historically governments have always tried to find ways to seize the wealth of their citizens and as you may guess their citizens have always found ways to try to avoid this, until recently governments were winning this battle because now most of the money is in electronic form and if they wanted they could steal it from you.
But now thanks to bitcoin things are changing and for the first time we have an electronic form of money that protects our wealth and since it is decentralized it is possible that governments will never find a way to destroy it.