China could still be buying!

 

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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
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247 Bitcoin

Bitcoin & Crypto & NFT News

247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous

1 News - 247 News - 1 Search - 1 eBooks

 

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