The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors

That Bitcoin allows investors to go around their country regulation on investments makes a lot more sense than a sudden interest in cryptography from uninformed neighbours.

Interestingly, it also means that they will hold on to it for the long term or until it is regulated closely enough that they can’t hope to convert the coins later -- and there is always the hope form investors that their countries will understand or that they will emigrate. This would make me bullish, in spite of recent seemingly unreasonable price increases.

No no, you guys, this time it's different, get it now before it's too late...Everyone else is getting rich from this, don't miss out.

The underwater part of the Bitcoin iceberg is people all over the world who deal with terrible local financial services and regularly devalued currencies. Bitcoin and other cryptocurrencies are pure magic to them. We are not talking about the extremely poor or the destitute. The big beneficiaries are those who are in the upper middle class, such as small business owners in these countries. They previously had no way to protect themselves from the regular financial disasters and constant local currency devaluation.

paywall... does anyone here actually pay for wsj? how much is it?