“‘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:
Draghi Says ECB Ready For Negative Interest Rates If Needed
Five big tech stories to watch for in 2013
Drug use doubles among U.S. baby boomers and seniors
Bitcoin ATM to launch in Prague
Special forces set to swarm US Southwest and operate among civilians
Politician and paedophile among first to ask Google to 'be forgotten'
Richard Branson: Virgin Galactic to accept bitcoin
Commodities: High metal prices can put lives in danger
Russia to Tighten ‘Anti-Terrorism’ Internet Rules
Syrian President Bashar al Assad Charlie Rose Interview (full)
Houston passes law requiring photographs, fingerprints of gold sellers
Rock-bottom vacancy rates push Colorado rents to all-time high
Coinbase's Plan to Secure Your Bitcoin
When Deportation Is a Death Sentence
France Proposes an Internet Tax