Chinese Investors May Increasingly Invest in Bitcoin in Q2 as Local Funds Cripple

Search trends emerging from China show interest in ‘Bitcoin’ could hit an all-time high in the 12-month range. Chinese users’ increased attentiveness for the cryptocurrency comes against the backdrop of underperforming money-manager funds. Bloomberg reports that Chinese savers are moving into riskier assets to earn better yields. Bitcoin trading remains banned in China, but that has not deterred its citizens from exploring the cryptocurrency as their potential alternative investment. That is evident by the cryptocurrency’s […]

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Author: toutiao