China and Russia Hungry for Hard Assets, Could Bitcoin Benefit?
Central banks hoarding gold is thought to be accounting for a lot of the buying pressure sending the price of the precious metal upwards recently. Such a hunger for hard assets may one day see banks stock piling Bitcoin as part of their de-dollarisation efforts.
Central banks in both Russia and China have been identified as major buyers of bullion this year. The two nations are believed to be in the process of diversifying their reserves in the face of sanctions and the ongoing trade war with th
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