Economic Mischief - Contrarian Political And Economic Analysis

The ICO craze is in full swing. Etherium goes from 30 cents to > $300. The Ten-X ICO and others raise millions in no time. The secondary market for it shoots up massively. The two questions I ask in every bubble are:   Where is the money coming from?   How can I monitor that source of money to know when the money is going to stop coming?  My best guess for where the money is coming from in the ICO bubble is China. China is the home of all the big Bitcoin mines and has a cottage industry of schemes to exfiltrate money out of China and into anywhere else. The "money" is also coming out of Bitcoin to some extent and into other crypto currencies due to high transaction fees. What Countries are using crypto currency?  If we look at bitcoin search trends for Bitcoin : We see the U.S is at number 10. And Ethereum, the smart contract cryptocurrency powering the newly hatched ICO world: We see that the U.S is way down the list at number 18. Google under