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RE: Bitcoin price hit 1000 USD in India due to cash ban
Nice, but this doesn't reflect the real value of Bitcoin. It's just a local phenomena due to cash shortage.
In fact this actually reflects the demand for USD, since they just want to get some BTC in order to exchange their Rupee to USD, at whatever price possible.
indeed its all about USD in the end. but with world trends of cutting cash - BTC is the right answer!