“‘There are two things affecting bitcoin in China,’ Linke Yang, co-founder and vice president of BTC China – the world’s largest bitcoin exchange by volume – told CNBC on the sidelines of the conference. ‘One is that there are a lot of [bitcoin] miners in China. The second is that, traditionally, high net-worth individuals and investors first go to the property market to invest and then the stock market, but since the property market is capped and controlled and stocks maybe aren’t doing so well that’s changing,’ Yang said. ‘After we had the China Central Television piece [on bitcoin in March] people here know about bitcoin and are putting their money into it.'”
http://www.cnbc.com/id/101200996
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Why Mortgages Will Soon Be More Expensive
Obama set to sign bill to lower student loan interest rates
Half of U.S. prison sex crimes involve staff
Bitcoin Startups Get Their Own Silicon Valley Accelerator
Key role of Yahoo, Microsoft and Google in NSA data collection revealed
Few Bitcoin-Related License Requests Reported by State Agencies
Whole Foods CEO: Obamacare-Fascism Comparison Won't Hurt Profits
Russian parliament finalizes U.S. adoption ban
European defense contractors ask governments to launch drone programs
CIA Director John Brennan Confirmed as Reporter Michael Hastings Next Target
San Diego settles woman's excess force lawsuit for $350,000
Switzerland pays billions to foreign governments in tax deal
Sydney Property Agency Accepts Bitcoin Payments to Woo Chinese
Rally at Oklahoma Capitol opposes U.S. intervention in Syria
Gene Editing With Electrical Fields: A Cancer Revolution?