Bitcoin Demand Increase in Asia Driven by Remittances
image credit : CoinTelegraph
Bitcoin demands are rapidly growing in Asia. Actually 3 major Chinese exchangers now resumes BTC withdrawals, so, it's a best reason behind this. More Bitcoin traders, investors & users in Asia show massive interest on Bitcoin now. Bitcoin is now traded at a premium rate in China compared to last year. Besides, mainstream Chinese media coverage shows Bitcoin as a digital gold in the country which is also a good reason to increases Bitcoin demands for local traders & investors.
A few quotes from Cointelegraph's news desk -
Several important factors caused Bitcoin price to continue surging this year. Among these factors that drive the price increase are the legalization of cryptocurrency approved by the Japanese government, adoption of new Bitcoin scaling as supported by the primary parties involved in the Bitcoin community, and the use of initial coin offering or ICO in raising funds.
So, Main factors caused Bitcoins price to continue surging are --
Wow, Nice! upvoted!
it's the capital flight from the imminent global financial collapse above ANYTHING else.
This post has been ranked within the top 80 most undervalued posts in the second half of Jun 10. We estimate that this post is undervalued by $33.18 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 10 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.