Less than 10 percent of the Chinese middle class are investing in cryptocurrencies after the government ban, according to a recent study cited by Technode Thursday, September 26.
The report called "2018 White Paper on the New Middle Class" was prepared by Chinese financial writer and Professor of Shanghai Zhejiang University Wu Xiaobo. In the study, Wu deciphered the investment habits of members of the Chinese middle class. The newest edition marks the first time Bitcoin (BTC) or cryptocurrencies have appeared in the annual report.