Author

Topic: [2014-11-24] CD: Could Central Banks Spark a Bitcoin Rally? (Read 724 times)

legendary
Activity: 1582
Merit: 1064
Could Central Banks Spark a Bitcoin Rally?

http://www.coindesk.com/markets-weekly-central-banks-spark-bitcoin-rally/

The bitcoin price may obtain succour from an unexpected source in coming days: China's central bank. Even more incredibly, the central banks of Japan and Korea are also helping to pile upward pressure on the bitcoin price.

It's not that East Asia's central bankers have decided on self-obsolescence, en masse. They're doing something more predictable – firing the opening shots of what's widely seen as a new currency war in the region.

Jump to: