RE: China's Cash Outflow, Weakening Yuan, Collapse of Italian Banks, Bitcoin Rises!

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China's Cash Outflow, Weakening Yuan, Collapse of Italian Banks, Bitcoin Rises!

in bitcoin •  8 years ago 

China getting into bitcoin and really move the price. India and Venezuela are two others that really should get into bitcoin.

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They have been. That's why bitcoin is up about $250 in just 3 months. Venezuala, Australia, Pakistan, Philippines, India, Brazil are all crunching down on large currency bills (stopping their production and use). This is causing a large influx into the cryptocurrency markets.