Chinese And Thai Traders Stockpile Bitcoin As Asian Fears Of Recession Grow

Economic uncertainty in the world’s second-largest economy may explain a sudden surge in the amount of Bitcoin (BTC) purchased with Chinese Yuan (CNY) as local traders place value into something believed to be uncorrelated to the world economy, and therefore potentially recession-proof. Data collected by cryptocurrency investment firm ID Theory found that CNY volumes on […]The post Chinese And Thai Traders Stockpile Bitcoin As Asian Fears Of Recession Grow appeared first on Crypto Briefing.