28 May '16, 9pm

Bitcoin Is Soaring On Unprecedented Burst In Chinese Buying

Last September (when bitcoin was trading at $230) we said that "As China Scrambles To Enforce Capital Controls, This Is Great News For Bitcoin" and that it is only a matter of time before Chinese buyers figure out that in a world in which the freeflow of capital out of China is increasingly more suppressed and where physical gold is actively being stored in China but is next to impossible to get it out of the country, it is only a matter of time before bitcoin explodes as China's bubble berserk population scrambles to buy.

Full article: http://www.zerohedge.com/news/2016-05-28/bitcoin-soaring-...

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