Bitcoin taps fresh record highs amid rising demand from Japan, China

Bitcoin climbed above $2,000 for the first time Saturday on increased demand from Japanese and Chinese investors. The digital currency rose more than 4.5 percent to hit an all-time high of $2,061.88, according to CoinDesk.com. Bitcoin was last trading near $2,047. Japan accounted for nearly 55 percent of trade volume, up from near 40 percent … Read more

China’s Increasing Debt Burden Could Affect the Bitcoin Economy

According to the Bank for International Settlements’ credit-to-GDP gap, China could be dangerously close to a banking crisis that could threaten the future growth of the entire economy. Is China’s Debt-driven Economy on an Unsustainable Path? The Bank for International Settlements (BIS), a widely-respected financial watchdog, has reported that China’s “credit-to-GDP gap” has reached 30.1. … Read more

China’s Constant Bubbles Drive Investors to Bitcoin in Droves

China’s economic problems may only just be starting, and bitcoin is poised to benefit more than ever before. On top of the ongoing currency devaluations, bubbles are popping in many different industry segments across China, including stock and property markets. As a result, investors are eyeing bitcoin as an alternative. Chinese Investors Moving into Bitcoin Investors … Read more