Bobby Lee, CEO of BTCC, the world’s oldest and largest bitcoin exchange, has stated in an interview that Bitcoin has created a new asset class. The digital currency successfully eliminated the necessity of fiat and the exponential growth of bitcoin’s user base increased the likability of a cashless society. However, the People’s Bank of China has intervened on January 6 with a warning on volatility, jawboning bitcoin markets to a floor of $880...
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