As a UK resident is it better to buy BTC/GBP or is it better to buy BTC/USD? Do you buy the more liquid asset with more volume and take the hit on the currency conversion cost with the extra exposure to currency volatility?
Or do you buy less liquid assets with less volume in GBP? Volume for BTC/USD is 93.3M GBP and BTC/GBP is 3.40M GBP as of this morning.
Or would the liquidity premium be far less impactful than the currency risk volatility especially if holding for longer periods of time