Many have mentioned that BTC is now used as a way for smart Chinese to transfer their money out of China as the Chinese RMB is continuing its devaluation systematically, is this enough to sustain the needs of BTC price growth?
I also think that many have made valid points that the price growth, if true, has been largely based on money transfer but very little life real case of e commerce and what not, is this unhealthy?
Yes,Chinese have major influence over the bitcoin price.
I wouldn`t say that this is "unhealthy" for bitcoin.It doesn`t matter that much for btc growth.
It was a short term speculation bubble,which was good for some bitcoin holders.