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Bitcoin Soars On Its Eighth Birthday

searcher

Mother Lode Found
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#1
Bitcoin Soars on Its Eighth Birthday
By: Jeff Berwick
Part of the reason why bitcoin has seen such a price resurgence is because of the increased demand for the currency in the Chinese market. You would think that the Chinese economy would be doing well after the Yuan’s SDR basket inclusion, but in spite of that, it continues to depreciate – hitting a 6-year low in October in conjunction with an estimated total of over $573.2 billion in Chinese capital outflows so far this year.
 

Nomis Elpmis

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#4
The Chinese like the number 8.

"For Chinese the number 8 is considered lucky just like the number 7 is considered lucky in the West. ... The main reason has to do with the pronunciation of the word for the number 8 in China. It is pronounced 'ba' and sounds like the word for prosperity which is pronounced 'fa'."