" After having fallen from $ 271 per month in early August , to a low of $ 198 after China devalued its currency and the ' Black Friday ' event of 24 August , the price of one Bitcoin has now recoved to $ 268 . This article suggests that if China implements further price controls as its economy slows , consumers may well seek to invest in Bitcoin to protect their wealth from the government . The effect of using Bitcoin to shield one 's wealth may be particularly pronounced in China , as the country is likely to restrict use and ownership of gold , the more traditional store of value .
After having fallen from $ 271 per month in early August , to a low of $ 198 after China devalued its currency and the ' Black Friday ' event of 24 August , the price of one Bitcoin has now recoved to $ 268 . This article suggests that if China implements further price controls as its economy slows , consumers may well seek to invest in Bitcoin to protect their wealth from the government . The effect of using Bitcoin to shield one 's wealth may be particularly pronounced in China , as the country is likely to restrict use and ownership of gold , the more traditional store of value .