China Emerging as Surprising Source of Bitcoin Demand
Chinese investors are in panic mode as their stock markets crash. Some are turning to bitcoin’s store-of-value and exciting investment thesis.
Last week, I put the massive buying pressure coming to bitcoin in context, but there is another — perhaps the largest — source of potential demand entering the scene.
We already know the Bitcoin ETFs, MicroStrategy issuing more shares to buy more bitcoin, Tether’s constant buying, and the halving will all be major sources of demand this cycle. For exam…
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