This 1 Trend Shouldn't Even Be Happening, But It'll Send Bitcoin Higher Anyway
Bitcoin (CRYPTO: BTC) doesn't always follow the same set of rules as traditional assets -- nor do its holders. Sometimes, this results in entire trends that shouldn't be possible that end up being reality.In Bitcoin's case, there's one highly important trend that's picking up speed. It isn't one that most investors would expect. In fact, it goes against some of the ways we imagine that the world works. Let's take a look and understand what's going on here and why it's bullish for Bitcoin investors.Bitcoin and other cryptocurrencies are illegal to buy, hold, mine, or sell in China. That doesn't stop 21.1% of the world's Bitcoin mining power from being based there. Nor does it stop people there from buying and holding it using a handful of legally gray workarounds.Continue reading
Bitcoin (CRYPTO: BTC) doesn't always follow the same set of rules as traditional assets -- nor do its holders. Sometimes, this results in entire trends that shouldn't be possible that end up being reality.
In Bitcoin's case, there's one highly important trend that's picking up speed. It isn't one that most investors would expect. In fact, it goes against some of the ways we imagine that the world works. Let's take a look and understand what's going on here and why it's bullish for Bitcoin investors.
Bitcoin and other cryptocurrencies are illegal to buy, hold, mine, or sell in China. That doesn't stop 21.1% of the world's Bitcoin mining power from being based there. Nor does it stop people there from buying and holding it using a handful of legally gray workarounds.
