According to dailyhodl, demand for bitcoin in Kazakhstan is soaring. Coin.dance data shows that as of June 1, 2019, the transaction volume of the local-level trading platform LocalBitcoins was 71,476,515 KZT (approximately US$186,000), an increase of 51.06% over the previous week's 47,833,615 KZT (approximately US$125,000). . It is reported that from 1992 to 2019, the country's inflation rate reached an average of 47.11%. Trading Economics reported that Kazakhstan’s inflation rate rose to 8.1% in May 2019 from 4.9% last month, the highest since December 2018.