-25
Bitcoin hits $69,000 in new record high
(ground.news)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Mar 2024
-25 points (41.3% liked)
Technology
58981 readers
4256 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
I dunno why you think Chinese families are buying it. In fact, it's banned in China.
Illegal≠not occuring
Still, I heavily doubt that they make up a significant portion of the buyers, which Num10ck implies
Im not comfortable making assumptions like that without solid numbers to back it up.
But I am, especially given the level of network control they have. I don't think a very large portion of Bitcoin people would be smart enough to get a VPN.
Also, claiming a ton of Bitcoin miners are Chinese is the assumption, not saying that it's heavily unlikely. See Russell's Teapot.
They might have meant Chinese families in Texas.