I don’t have much to back this up, however word on the beaten path is many Chinese outside of the great firewall are hiding their wealth in LTC and BTC. Since last week, LTC has doubled in price and volumes of trades/purchases are fairly high. LTC is somewhat a gamble however BTC has been pretty flat for two weeks so it would be a good method of moving wealth quietly.
I am not advocating buying into crypto at all. I have some crypto that I can live with or without and plan on seeing where it is in five years as a personal experiment is all. Other’s day trade crypto or move their money around the globe without being tracked.
BTC is up over 12% in the last two weeks.
It is up almost 20% over the last 30 days.
source: blockchain.info