Tag Archives: china

China and Bitcoin

In 2015 China’s markets started to slow down – even crash some would say.  Capital is fleeing to safety in other countries.

Below are some thoughts from CoinTelegraph.com.

Sounds like a perfect spot for bitcoin to come to the rescue, no?

Bitcoin’s unique ability to move money globally in seconds seems like a natural fit for any financial market in need. With Bitcoin’s overall market value at a mere US$3.3 billion, a fraction of that investment into U.S. real estate would easily double bitcoin values.

A smart Chinese investor would look into the history of Bitcoin in 2013 when it was initially introduced to the Chinese market. Values jumped almost tenfold within one-quarter, in conjunction with Mt. Gox’s market accounting issues. With over US$22 trillion on deposit, the Chinese market making even a small shift towards bitcoin could make 2013 look like a mere token of their esteem.