China could still be buying!

1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


In China bitcoin is likely used for capital flight and/or to avoid depreciation of savings due to devaluation of the currency. If people in China are buying bitcoin mostly for the second reason, the decisions of the PBoC would not have much of an effect (other than the panic dip)

submitted by /u/Julian3223
[link] [comments]


1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


Leave a Reply