China leading next Bitcoin rally

The capture of Ross Ulbricht a couple of weeks ago, and with it, the demise of the Silk Road and the largest underground market ever, was big news in Bitcoin social circles. Forget the ethical dilemma: this market moved a lot of money… a lot… about 1.2 Billion dollars in sales every year. No small fry. Much had been speculated by analysts and sceptics that much of the Bitcoin economy was stimulated mostly by these kind of illegal transactions. In fact, this news, was going to be the end of it: this was Bitcoin’s blow to its  knees. Except, that it wasn’t. Let’s say it was a stumble, if one can call it that. The price dropped for a day or two and recovered to its previous levels in a few days. So, if Silk Road wasn’t driving the Bitcoin economy, then who is? The sceptics are asking who else is accepting Bitcoins. No legitimate, public company does, right? With current events in US politics causing some doubt in the financial...

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