Since Bitcoin got an increased interest in China beacuse of Chinas State Press Calls for Building a de-Americanized World and Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN! it has continued upwards from a low of 130 USD per Bitcoin to now more than 450 USD per Bitcoin.
So why does this happen now, and why so quick? From our yesterdays post Bitcoin: Player or pretender (video) they are telling us that the Chinese may look at Bitcoin as a way to transfer CNY out of China and into other projects, funds, or tax safe havens (even in Bitcoin themselves). As it is now very hard for people in China to transfer funds legally into US dollar.
But there are also growing skepticism about the development of Bitcoin and the future of it. In our post Is It Time to Boycott All US Bitcoin Companies? (voice) the Bitcoin community itself explains that they are skeptic about the new entities trying to enforce identification of Bitcoin-users through different services to make it more appealing for the governments around the world. And as Tom Gullen writes Bitcoins UK Future Looks Bleak saying: As anyone in the UK who has attempted to open a bank account to run a Bitcoin business knows, as it stands your chances are slim to none.
http://www.cryptocoinsnews.com/2013/11/15/coming-weeks-will-determine-future-bitcoin-alt-coins/