Here's a WSJ article from today that makes a similar claim. https://www.wsj.com/articles/the-force-behind-bitcoins-meteoric-rise-millions-of-asian-investors-151

Here's a WSJ article from today that makes a similar claim. https://www.wsj.com/articles/the-force-behind-bitcoins-meteoric-rise-millions-of-asian-investors-1513074750 https://www.wsj.com/articles/the-force-behind-bitcoins-meteo... Edit: Also, I don't think the closure of the Chinese exchanges matters much since they can still buy Bitcoins, the exchanges just can't operate in China. Edit 2: And my reason for the assertion wasn't any special knowledge of cryptocurrencies, but rather that there's lots of Chinese money pushing up asset prices in other markets, so I don't see why they same wouldn't be true of cryptocurrencies as well.