Chinese investors 'rush' into bitcoin for surprising reason

From thestreet.com

Despite a ban on bitcoin mining in mainland China, the underground crypto market in the country is flourishing, according to Reuters, which reported that the country is seeing a "rush into bitcoin." The country now has more crypto transactions occurring there than in the separately-administered region of Hong Kong, where use of crypto is more tolerated. There’s one surprising reason for this: China’s stock and real estate markets have plummeted in the past three years, and despite the historic volatility of cryptocurrencies, investors are desperate for alternative markets to invest in. Chinese ... (full story)