The bitcoin price rise on Chinese exchanges is not a result of Chinese capital controls policy, says Bobby Lee, the Founder and CEO of BTCC.
Not so sure I agree 100% with him. I do not think one can just ignore the effect and or say that capital controls had no effect on price. True, there is a larger global awareness and interest in bitcoin but when you combine that with things like capital controls you are bound to get even more people to sit up and take notice of bitcoin as an alternative where there are no capital controls.
So the capital controls, in my opinion, surely had a hand to play in the sharp price rise we saw.