Why Filecoin Price Is Surging: Look to China

Why Filecoin Price Is Surging: Look to China

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  1. tldr; Filecoin’s price has shot up 165% in the past week and 530% over the past month. Chinese officials have all-but-officially encouraged Filecoin mining because its decentralized cloud storage purpose fits into China’s agenda to build out its own internet infrastructure as a defense mechanism in the ongoing tech Cold War. Early miners, new investors, and Chinese tech companies eager to diversify are fueling the Filecoin frenzy.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Was surprised this was actually a pretty good article (though few will ever stumble across this comment now.) Of particular note is the approximately 1% daily coin inflation. Obviously this bubble will have to burst at some point, though “when” is always a question.



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