Bitcoin has gained a massive amount of popularity since its creation in 2009. The currency that very few people took seriously has become one of the most attractive on the market and China has played a huge part in its growth. The country was responsible for almost 90% of global Bitcoin activity. In 2016, Bitcoin was the world‘s top performing currency as it was the year before that, but 2017 seems to be going differently. It was priced slightly over $1,000 in the first week of January.
The cryptocurrency has been on a downward spiral, especially after the People’s Bank of China issued some cautionary statements regarding Bitcoin exchange eliding investors to wonder if China has lost its belief in the power of Bitcoin.
Link:
http://www.livebitcoinnews.com/fate-bitcoin-market-china/This is an odd statement given where the price is today.
Likewise, depending on how you measure "activity" the 90% figure seems quite overstated.