The Chinese currency, out of all the G10 currencies, has the strongest statistical correlation to BTC over the last 12 months, at around 84%. (Photo by Costfoto/Barcroft Media ... [+] via Getty Images) Barcroft Media via Getty ImagesAnd then there is the Jack Ma effect. gettyChina’s Digital Yuan ExperimentLast month, China gave its digital yuan a test drive in Suzhou. China is becoming a leader in making its fiat currency digital, eliminating the need for companies ... [+] like AliPay and Visa. gettyBitcoin, in China at the moment, is rising with the fortunes of a stronger yuan and the digital yuan experiments.

Source: Forbes January 10, 2021 15:22 UTC