Quick news flash.
Average gross income is < $5500 per year. (2010)
All this "new money"? Let's talk smaller.
Average gross income is < $5500 per year. (2010)
All this "new money"? Let's talk smaller.
70% of Chinese are not even really part of the economy, but they count for the average. Those who read Xinhua are part of the economy.
But yeah, you're right. We're not talking about 100K per year.
But there is $ in numbers. If every single person in China invested $1 in BTC that would mean an injection of 1.34billion into BTC That would make BTC worth $120 without including any of the western investment. Of course not everyone will invest but even 1% of China's population is 13.4 million and I'm sure a wealthy minority will invest a little more than $1
