Crypto

China suffers worst capital flight in years, but could it pump Bitcoin? By Cointelegraph


© Reuters.

(BTC) could see “substantial inflows” from China within the next few months amid a weakening and one of the country’s biggest capital flights in years.

“The familiarity of Bitcoin by Chinese investors in times of a weakening domestic economy could see substantial inflows into Bitcoin over the next few months,” said Markus Thielen, head of research and strategy at Matrixport.

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