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?
They have money and resources to gain a lot of bitcoin by purchasing or mining.
If they have 50% of bitcoin in the world circulation, this is what happens right now regarding declined of bitcoin price.
Cashed out at high price and then buy at the lower, nice profits just for that.
Unhealthy condition for bitcoin that make volatile price.