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Dovey Wan: Here’s the Real Reason for Bitcoin (BTC) Demand in China

Published 11/15/2019, 07:14 AM
Updated 11/15/2019, 08:21 AM
© Reuters.   Dovey Wan: Here’s the Real Reason for Bitcoin (BTC) Demand in China

A mention of China has the power to sway BTC prices. Just days ago, the promise of new legislation coming in the country in 2020 boosted the BTC market price by as much as 42%, bringing it above $10,000 after a slump.

However, the narratives about China may be inaccurate, explains Dovey Wan, co-founder of Primitive Crypto. Rumors and misunderstandings abound, and some of the restrictions are not as heavy in reality.

https://twitter.com/DoveyWan/status/1195134703159971843

Specifically, the demand for Bi...

This article appeared first on Cryptovest

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