Tag «Baidu»

Bitcoin more favorable than gold in China

Is bitcoin more favorable than gold in China now that CNY is devalued? We try to get some perspectives from Baidu search Index. We can see clearly when CNY is devalued from Friday 27th May onwards, they move in the same direction but there is double the number of searches for”Buy+bitcoin” than “Buy+gold”. Is bitcoin …

Breaking: Mystery of Bitcoin’s 2016 new high analyzed from Baidu search trends

Just when you were having a great weekend taking a break and having family time, the price of bitcoin has risen a staggering 10% !!! The rise started 27th may (Friday) and the time of writing, it is USD$530.23/bitcoin (from coindesk) The common reason is due to the devalued CNY. Basically, it seems to indicate …