China

Here's why bitcoin boomed in 2016

Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. French police dismantled an illegal Bitcoin exchange and seized 388 virtual currency units worth some 200,000 euros ($272,800) in the first such operation in Europe a public prosecutor said on Monday.   REUTERS/Benoit Tessier (FRANCE - Tags: BUSINESS) - RTR3Y7J6

Ana Swanson reviews bitcoin in 2016 and examines rising demand in China. Image: REUTERS/Benoit Tessier

Ana Swanson
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 170105-bitcon value 2016 Source Coin Desk Washington Post
Image: Coin Desk, Washington Post
 Correlation of bitcoin price movement with yuan devaluation
Image: Washington Post
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