As per a report by Caixin, a famous economic and political media, several bitcoin exchanges denies the possibility of using bitcoin to bypass the tightening capital control in China. The report attributes the rocketing price of Bitcoin to global demand and the loss of faith to traditional currencies.
We could all come with different opinions and "facts" on why the price of Bitcoin is rising right now. The truth is no one really knows why. Maybe it is a simple pump and dump.
What happen around bitcoin right now looks De Javu but the situation has changed . Plenty of mainstream media coverage on the street but the bubble index developed by Jiang Zhuoer says No.
I do not mean to be disrespectful. Who is Jiang Zhuoer and why should we listen to him?
Kindly explain to us what the Bitcoin Bubble Index is so we that we understand each other and start a good discussion.
