"The price surge may be a result of many seeking to move capital out of China as the yuan weakens, continuing to fall against the dollar over the past month.
Yuan markets made up for 94% of the exchange volume distribution over the last 30 days."
If this theory is correct. And I think it is the most sensible story behind bitcoin price rise. We might have sudden drop of BTC price after people successfully transfer money out of China. :/
Yuan markets made up for 94% of the exchange volume distribution over the last 30 days."
If this theory is correct. And I think it is the most sensible story behind bitcoin price rise. We might have sudden drop of BTC price after people successfully transfer money out of China. :/
I agree, it seems most logical explanation for freak rise. Read an article that they may be slowing their purchases of US real estate as some areas are experiencing a correction and are overbuilt.
... I wonder what 