China and Bitcoin


SUBMITTED BY: mrmurphy35

DATE: Feb. 3, 2017, 9:20 a.m.

FORMAT: Text only

SIZE: 514 Bytes

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  1. Bitcoin has had a surprise of volatility in the last month, rising from $600 USD to $1150 USD and hovering around $900 USD lately. This price rise has helped increase mining returns and lower electricity/maintenance fees! The price rose due to a variety of factors, including India outlawing paper currency, Trump becoming president, and Chinese regulators clamping down on some of the speculation coming out of Chinese exchanges. Here's hoping to a continued rise in 2017 and an acceptance of Bitcoin by the PBOC.

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