“ Chinese investors are leaving the stock market for bitcoin markets , with over 94 % of bitcoin trading involving Chinese yuan in August , up 60 % YoY , according to Forbes . China ’s two biggest exchanges , Huobi and OKCoin , account for over 90 % of global transactions , and the country ’s bitcoin frenzy is said to resemble the last stock market crash , with a potential negative impact on bitcoin markets if mainland regulators target Chinese exchanges . The ability to move money abroad , an absence of transaction fees , the potential for high returns , and the nation 's fondness for gambling are said to be factors contributing to bitcoin 's popularity as an investment .
Chinese investors are leaving the stock market for bitcoin markets , with over 94 % of bitcoin trading involving Chinese yuan in August , up 60 % YoY , according to Forbes . China ’s two biggest exchanges , Huobi and OKCoin , account for over 90 % of global transactions , and the country ’s bitcoin frenzy is said to resemble the last stock market crash , with a potential negative impact on bitcoin markets if mainland regulators target Chinese exchanges . The ability to move money abroad , an absence of transaction fees , the potential for high returns , and the nation 's fondness for gambling are said to be factors contributing to bitcoin 's popularity as an investment .