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RE: Crypto Hedge Fund Says "Short Litecoin"
The Chinese wanted to convert to dollars, so how could much of bitcoin's trading not be done in dollars in late 2017 and early 2018?
The Chinese wanted to convert to dollars, so how could much of bitcoin's trading not be done in dollars in late 2017 and early 2018?
Much of the buying was done in dollars...
For every seller there is a buyer.
Yes, but that means the buying coming in was in fiat dollars, the selling was in bitcoin. That does not mean Chinese money was the dominant factor flowing into bitcoin like you seem to be fixated on.
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