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Bitcoin (BTC) to Soar as China Capital Flight Takes Hold



The trade war is going from bad to worse and contrarian investors will have noticed that that is usually good news for bitcoin.

Currently trading at $8,793, up 2.73% in the past 24 hours according to coinmarketcap, the drop below $8,200 witnessed earlier in the week seems a distant memory.

Keeping abreast of the bitcoin market right now, means watching like a hawk the dollar-yuan exchange rate.

That’s an opinion shared by Arthur Hayes, the chief executive of BitMEX exchange – although registered in the Seychelles BitMEX’s operations are based in Hong Kong, so you could say they ...

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