It's common knowledge that Bitcoin's price is heavily affected by the monetary policy in China; effectively, it's a tug-of-war between Bitcoin and the Chinese Yuan, a David vs. Goliath if you will. Unless and until China relents its hold on Bitcoin (or rather, its citizens do), it will still be pretty much the most influential player in the game. However, a new contestant is stepping up to the plate, a country with a large enough population to take the crown from China: enter India. Ever since the abrupt demonetization of the Indian Rupee, people from India have been researching thoroughly about Bitcoin more than ever, and it might just be the case that the next price upswing will not originate from China, but rather, from India.
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