KCN Chinese interference results in bitcoin price explosion
Channel: KCN News
Date: 2017-04-03

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Chinese government impacts the price of bitcoin. Such a conclusion was made by Julia Lee, an analyst from Bell Direct broking company, at ASX Investor day that took place in Sydney on the twenty-eighth of March. It was noted that China is trying hold up the outflow of capital from the country what results in spikes of bitcoin price. She presumed that bitcoin is becoming an alternative for investors. But in her opinion, it will hardly replace fiat money. Additionally, she commented that governments of many countries are apprehensive about cryptocurrencies because they cannot entirely control them. 
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