$1300 is a possibility, but unless it comes from further CNY depreciation, it is probably more likely to be an unsustained upward move in the 6 month term
Bitcoin — Positioned to Break $1300?

So you’re saying that as there’s a flow of capital out of China (capital flight) there’s natural depreciation of the yuan. Does that push up Bitcoin naturally bc its quoted in USD?

And there’s also an increase in demand because it’s seen as a separate / legitimate new asset class (the brave new world thesis, etc.)? Looking to understand the thought process, thanks!

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