What's driving Bitcoin prices higher? This chart shows capital outflows from China. This chart clearly shows that Bitcoin is the new method of choice."

From Dave Carlson, on Facebook:

What’s driving Bitcoin prices higher? This chart shows capital outflows from China. The amount of Offshore Yuan (money moved out of China) has been increasing steadily since their government began cutting off the traditional methods of getting around the capital control limits. This chart clearly shows that Bitcoin is the new method of choice.
Here’s the full article: http://www.zerohedge.com/news/2015-10-28/need-smuggle-10-million-out-china-just-call-mr-chen

FB link: https://www.facebook.com/buzzdave/posts/10204829421047232

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Apparently it s not capital control.

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