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China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

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By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by a whopping 60%. In a series of tweets, Kruger explained

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* First published on ccn.com

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