Foreign media look at China: Bitcoin prices rise and are popular in China

On November 25, the highest bitcoin transaction price in the Chinese market was close to 8,000 yuan on November 19, and the closing price on the 21st fell to 4,150 yuan, and once dropped to 2,888 yuan on the same day. Regarding the sharp fluctuations in bitcoin transaction prices, foreign media said that the rise in bitcoin prices is due to its popularity in the Chinese market, and the transaction volume in the Chinese market accounts for one-third of the global bitcoin transaction market.

According to Singapore's Lianhe Zaobao on November 18, according to the Bitcoin market website Bitcoinity.org, in the past week, Bitcoin China's trading volume exceeded 434,000 Bitcoins, accounting for one-third of the global Bitcoin trading market.

The article quoted AFP as saying that Yang Linke, vice president of Bitcoin China, said in an interview after attending a conference in Singapore: "Bitcoin has grown in China because Chinese people love to save, and more and more people see Bitcoin as a way to save and invest."

The Chinese website of the Wall Street Journal pointed out on November 22 that there is ample reason to prove that the surge in Bitcoin prices is closely related to China. The Bitcoin flow chart shows that a large amount of Bitcoin flows to China.

The US International Financial Times published an article on November 18th stating that "BTC China" has recently surpassed established Bitcoin trading companies and has become the world's largest Bitcoin trading platform. In addition, the first round of A-share financing was as high as 5 million US dollars. Its first round of funds mainly came from Lightspeed China Venture Capital and Lightspeed Venture Partners.