You are viewing a single comment's thread from:

RE: WHY IS 99 % OF BITCOIN FLOWING INTO CHINA <> <> STEEMIT NEWS FLASH <> <>

in #bitcoin8 years ago

The Chinese people who have acquired some wealth and have internet access are seeing the RMB/Yuan devalued by the government are looking for alternative stores of wealth as well as a currency that retains value and is accepted globally.

I know that is a long run on sentence, but the people in China are aware of the effects of currency devaluation and see more of devaluations coming.

That's my opinion,
Mike