The number of cases of coronavirus has risen to more than 2,700 in mainland China. Photo by Betsy ... [+] Joles Getty ImagesI have maintained for a long time now that China is a very significant driver of bitcoin (BTC). So if you were a rich Chinese person and you heard about this outbreak, what would you do? Bitcoin’s recent rally aligns with the assumption that Chinese demand for bitcoin because of coronavirus has driven the price. As such, I’m going to be watching the bitcoin price like a hawk.

Source: Forbes January 27, 2020 14:37 UTC