BitcoinWarrior

News and Education

Bitcoin Reclaims Spotlight In China Despite Ban, Offering Safe Haven For Investors

In the face of a struggling stock market and a declining property market, Chinese investors are increasingly turning to cryptocurrency, particularly Bitcoin, as a safer investment option. What Happened: A Reuters report on Wednesday detailed the growing trend of Chinese investors using alternative methods to invest in cryptocurrencies despite the ban on cryptocurrency trading in mainland China. Investors are reportedly using overseas bank accounts to purchase crypto assets, with some even utilizing their annual forex purchase quotas to move funds into cryptocurrency accounts in Hong Kong. This…