Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin.

That was the conclusion from Gabor Gurbacs, strategy adviser at investment giant VanEck, who was one of many flagging Bitcoin’s appeal over the pound this week.

U.K. becomes fertile ground for Bitcoin “orange pill”

As the U.S. dollar runs rampant, its strength has come at the expense of trading partner currencies, notably the euro, pound and Japanese yen.

The pound’s disintegration gathered pace this week as GBP/USD hit its lowest on record at nearly $1.03.

With the United Kingdom’s central bank, the Bank of England, avoiding interventions so far, nerves are showing as purchasing power takes a double hit from currency weakness and inflation at 4-year highs.

“The United Kingdom will get orange-pilled very quickly given GBP volatility,” Gurbacs predicted.

“Given that the UK is now outside of the EU bureaucratic apparatus, it will get another chance to become a Bitcoin hub. I think UK leaders will use this opportunity reasonably well.”

The pound was down nearly 25% year-to-date at one point in dollar terms. While data from Cointelegraph Markets Pro and TradingView shows that Bitcoin beats it at 56%, the longer the time horizon, the more attractive a BTC hedge becomes.

“Over the past four years the dollar has collapsed -67% gains USD,” Michael Saylor, executive chairman and former CEO of MicroStrategy, noted in his own assessment of fiat currency losses on Sept. 26.