Post
Topic
Board Economics
Re: Why is China so much more expensive?
by
uki
on 30/10/2015, 21:12:23 UTC
The reason is that you can now buy BTC with RMB from banks (supposedly not possible since 2013).

If you understand the issues of "capital control" it is not hard to see why this would push the value of BTC up.

(the real question is how long until they "ban purchasing" again)
For now they have green light on BTC and taking into account the size of their market that makes China the leading force in Bitcoin.
Mining has already been biggest in China and that is also an established fact. 2+2=4. As soon as the central government sees Bitcoin as a threat to their plans, they will change the light to red. the only question is when it happens. And that is actually the clue of the story.