Gwynn Guilford – Why Chinese People Will Drive Next Bitcoin Bull Market

Gwynn Guilford – Why Chinese People Will Drive Next Bitcoin Bull Market:

Reporter Gwynn Guilford ‏(@sinoceros) writes on Quartz.com reasons why China could drive a further bit-boom.  Excerpts:

“They’ve already done the whole virtual currency thing—with Q Coin.”

“Property, stocks, art, tea—speculation dominates in every major asset market you can think of in China. The Chinese are a people used to high risk-reward investments.”

“As the online gamer source tells Quartz, ‘the currency’s system is so decentralized’ that it would be extremely difficult for the Chinese government to do anything about bitcoin.[…] And unlike with Tencent, there’s no company or entity to target for regulation. ‘To China’s conservative regulators,’ he adds, “Bitcoin is a game [that’s] way more dangerous.”

 – http://bit.ly/ZgOoc6
 – http://bitcointalk.org/index.php?topic=176010.0 (Further discussion of the article)

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