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New York times suggests this boom is caused by India and Venezuela, so yes other countries are picking up on this: http://www.nytimes.com/2017/01/03/business/de
by technotony 10y ago
New York times suggests this boom is caused by India and Venezuela, so yes other countries are picking up on this: http://www.nytimes.com/2017/01/03/business/dealbook/bitcoin-price-soars-fueled-by-speculation-and-global-currency-turmoil.html?_r=0 http://www.nytimes.com/2017/01/03/business/dealbook/bitcoin-...
- pg314 10y agoAnd speculation, as it says in the headline of that NYT article. The volume of bitcoins bought with bolivars (Venezuela's currency) is inherently limited: you would only want to sell bitcoins in exchange for bolivars if you could spend the bolivars immediately. That basically limits the sellers to people already having bitcoin and living in Bolivia.