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RE: China's Cash Outflow, Weakening Yuan, Collapse of Italian Banks, Bitcoin Rises!
China getting into bitcoin and really move the price. India and Venezuela are two others that really should get into bitcoin.
They have been. That's why bitcoin is up about $250 in just 3 months. Venezuala, Australia, Pakistan, Philippines, India, Brazil are all crunching down on large currency bills (stopping their production and use). This is causing a large influx into the cryptocurrency markets.