Pursuits

Through Rally or Crash, Here's Why Bitcoin Buyers Are Nervous About China

  • Yuan accounts for 98% of bitcoin trading due to zero fees
  • Tighter Chinese regulation is inevitable: Shenwan Hongyuan

All-Time High: Bitcoin Delivers Many Happy Returns

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For Felix Yang, nothing beat bitcoin.

After he bought several million yuan worth of the cryptocurrency in June, the 34-year-old finance worker watched as prices skyrocketed 43 percent in the second half of 2016 before reaching an all-time high of $1,162 this week.