ImI
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January 11, 2017, 06:21:50 PM

Must have been all of that hype by the US media saying that the jump in bitcoin price was due to people getting around China capital controls.

While those on the ground said there wasn't much of that at all, and that there are cheaper alternatives to do that.

But hey, if the US media is reporting it must be true.

Its not about the "US media". Its just a story that everyone likes to believe. Take a look around at BTT you will find lots of folks who are strongly convinced that Bitcoin is all about China and China adopting Bitcoin. From time to time for example i state at the german part of BTT that i dont see China as a main market and that Bitstamp is still the boss when it comes to price movement and i get lots and lots of denial. "Do you know how many people live in China!?"  Smiley

No media needed its a story that folks like to believe.