UAE Financial Market reopened on wednesday morning. Causing the rush on foreign markets including Bitcoin. Millions of wealthy people and citizens seeking a safe haven while their region burns.

The question will be how sustainable this rush will be. It does show a use case for Bitcoin well

The UAE financial market liquidated. People are saving their money

I stumbled upon this explanation on unrelated parts of Reddit, and boy does it check out. The region is losing tourism income and oil income. And domestic rich people will be taking a vacation abroad