Using Bitcoin as a Store of Value

Using Bitcoin as a Store of Value



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Storing Value from Unstable Currencies

Chinese stocks slumped sharply at the beginning of January 2016, sending shockwaves around the world. The index performance for Dow Jones Industrial Average was down 400 points in the first weeks of 2016, causing panic amid Wall Street investors.

In response to the depreciating Yuan, Chinese investors turned to Bitcoin to keep their assets afloat. According to MarketWatch.com trading volume in China surged toward the end of the year with nearly 99% of global trades executed on OKcoin, BTCChina, and Huobi, three of the largest Chinese exchanges. Investors paid as much as $675 for a single Bitcoin.

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