China Coronavirus Fears May Be Inspiring BTC Purchases

China is going crazy when it comes to bitcoin… bitcoin and gold.

China BTC Action Is Booming for Sad Reasons

Both assets make sense considering they are likely considered “safe havens” in that country and abroad. Both are known for retaining one’s wealth, especially in times of economic strife or some other global catastrophe.

Right now, the catastrophe that China is facing is the new coronavirus that’s spreading through its provinces. Thus far, more than 200 people have died from the disease, and many others are infected. In fact, several people from China that are seeking to travel outside their country’s borders are being detained and held for inspection, as is the case in areas such as Los Angeles, California.

Clearly, people are starting to get worried, and according to a new report, they’re taking strong action by putting away specific assets that can be used granted they are unable to work due to health concerns. This could potentially be why the currency has…