Bitcoin a Source of Income for Chinese Traders

Bitcoin trading has become a viable income source for many Chinese cryptocurrency traders; launched in 2009 the cryptocurrency has recently reached highs of over 8,000 yuan ($1,160.65) and is currently trading at around 6,600 yuan ($957.53); with a global worth of over $14 billion, over 90% is currently in yuan and Chinese investors are actively taking advantage of the currency’s gains; investor Huai Yang is reportedly earning 1 million yuan ($145,081) per month from trading bitcoin; other investors have also reported steady bitcoin trading monthly incomes of over 40,000 yuan ($5,803). Source

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