Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
On May 31, OKCoin has begun addressing a large number of China-backed Bitcoins due to the legal regulations of the People's Bank of China imposing on the electronic money market in their country and This has improved the Chinese trading market for a long time. As a result, many Bitcoin investors are continuing to invest and boost demand for Bitcoin in China. Bitcoin is currently trading at steady premiums in China compared to last year. In addition, the Chinese media found that Bitcoin is digital gold