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Bitcoin hits $69,000 in new record high (ground.news)

submitted 8 months ago by Aatube@kbin.melroy.org to c/technology@lemmy.world

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Who let Elon Musk set the prices?

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[–] Aatube@kbin.melroy.org 1 points 8 months ago (2 children)

I dunno why you think Chinese families are buying it. In fact, it's banned in China.

[–] bartolomeo@suppo.fi 1 points 8 months ago

They might have meant Chinese families in Texas.

[–] YeetPics@mander.xyz 1 points 8 months ago (1 children)

Illegal≠not occuring

[–] Aatube@kbin.melroy.org 0 points 8 months ago (1 children)

Still, I heavily doubt that they make up a significant portion of the buyers, which Num10ck implies

[–] YeetPics@mander.xyz 1 points 8 months ago (1 children)

Im not comfortable making assumptions like that without solid numbers to back it up.

[–] Aatube@kbin.melroy.org 0 points 8 months ago* (last edited 8 months ago)

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.