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Bitcoin Forum > Local > India > Press & News from India > [2016-05-31] ET: Bitcoin hits two-year high as yuan worries drive Chinese demand
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polynesia (OP)
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June 01, 2016, 12:04:58 AM
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Bitcoin hits two-year high as yuan worries drive Chinese demand

http://economictimes.indiatimes.com/news/international/business/bitcoin-hits-two-year-high-as-yuan-worries-drive-chinese-demand/articleshow/52526675.cms

The price of the web-based digital currency bitcoin soared to its highest in almost two years on Tuesday, rising to more than $500 per unit, as worries about a further weakening of the yuan drove increased demand from China .

Trading volumes on the Chinese bitcoin exchange BTCC surged to three to five times their daily average since Friday, according to CEO Bobby Lee , as Chinese savers have moved to protect their money against a further devaluation of the yuan
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June 05, 2016, 12:58:13 AM
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Covered by other media publications as well.

http://www.business-standard.com/article/reuters/bitcoin-hits-two-year-high-as-yuan-worries-drive-chinese-demand-116060101082_1.html
http://profit.ndtv.com/news/forex/article-bitcoin-hits-2-year-high-as-yuan-worries-drive-chinese-demand-1414186
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June 05, 2016, 10:52:12 PM
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If yuan weaken further,bitcoin price will go up plus increase in demand due to halving can push up prices to $1000 or even more
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June 06, 2016, 07:56:33 AM
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Quote from: btvGainer on June 05, 2016, 10:52:12 PM
If yuan weaken further,bitcoin price will go up plus increase in demand due to halving can push up prices to $1000 or even more

So have you started buying bitcoins are no?
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