Savers boosting bitcoin demand in China, exchange says

“A co-founder of China’s biggest bitcoin exchange on Friday said there were ‘boundless opportunities’ for the digital currency in the country because of the Chinese saving ethic. ‘The main reason why bitcoin has become big in China is because Chinese people are savers, and more people are seeing bitcoin as a way to store and invest their money,’ Linke Yang, vice-president of BTC China, told reporters on the sidelines of a conference in Singapore.  ‘There are boundless opportunities for BTC China and bitcoin in the next five years, you never know with the way the internet develops,’ Yang said through an interpreter.”

http://www.scmp.com/news/china/article/1356753/savers-boosting-bitcoin-demand-china-exchange-says

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