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Tag Archives: yuan

Bleak Forecast for the Chinese Yuan Could Be Bullish for Bitcoin

Jun 2, 2020

The global geopolitical climate has been plagued with tension and uncertainty for well over a year. However, the outbreak of the COVID-19 virus that has pushed some of the largest economies in the world to their knees seems to have pushed the crisis into overdrive, with banks and analysts ali...

Bitcoin Price Trounces 24-hour Record, Drops By Over 20%

Jan 6, 2017

Olusegun Ogundeji

No sooner than 24-hours after the article has been published and several comments followed Bitcoin’s reported feat as it reached a record new $18 billion market cap on Wednesday January 4 that its price dropped by more than 20% within four hours. On Thursday, the market cap fell quickly to...

Will China’s $50,000 Quota Matter For Bitcoin After Jan.1?

Jan 3, 2017

Olusegun Ogundeji

As the first day of January 2017 approaches, concerns that the yuan will likely depreciate further in the coming year because of the Chinese government’s enforced capital control may force more users seeking to move money out of the country to Bitcoin. January 1 is when the yearly $50,000 ...