Chinese are Not Buying Bitcoin: Peter Schiff

The Chinese investors do not think of bitcoin as a safe-haven asset, and they are not buying it, believes Peter Schiff of Euro Pacific Capital.
The statement appeared amidst international media coverages about bitcoin’s price rise against a gloomy macroeconomic outlook. On August 1, US President Donald Trump said that he could impose 10 percent additional tariffs on $300 billion worth of Chinese imports. The move prompted Beijing to artificially devaluate its national currency yuan to