The analysis shows that the RMB “breaking 7” has increased the attractiveness of alternative assets such as Bitcoin.

According to the Financial Times, data show that bitcoin trading volume in China has soared by about 50% in the past 10 days. Analysts pointed out that the “breaking of the RMB” has increased the attractiveness of alternative assets such as Bitcoin. In response to the "RMB exchange rate break 7", the article cited the views of Taimur Baig, chief economist of DBS Bank of Singapore, who believes that the price of the renminbi is a strong evidence of "an important use scenario for cryptocurrencies" and "from now on At the beginning, cryptocurrency is one thing the market needs to pay attention to."