Chinese Crypto Investors Return Strongly In Bitcoin: Did They Cause BTC Surge?

For much of the history of Bitcoin (BTC), traders from Asia, specifically China and Japan, dominated this embryonic market. China, of course, is the spiritual and actual home of Bitmain, one of the industry’s highest valued startups, and of key crypto asset projects, like NEO and Tron. But, the nation’s bans and restrictions on this market threw many for a loop.

As reported by NewsBTC previously, the Central Bank of China proudly proclaimed its series of stringent regulations, which included bans on foreign crypto exchanges, events, and certain trade publications, a resounding success.

Related Reading: China Banned Everything Bitcoin, Video Games Seem To Be Next

But, somehow, Bitcoin trading interest from Chinese investors has returned. Don’t ask us how, but locals are “FOMOing” in so hard that they’re skirting local regulations to get their hands on BTC. And many sure this influx of buying pressure from our friends across the pond is due to Bitcoin’s rally above $5,000, coupled…

Read Full Story : NewsBTC

2019-04-08 13:04:57

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