In my post yesterday I mentioned that I had noticed that the price increase in Bitcoins mainly takes place during daytime in China. That could imply that exploding exchange rate is mainly driven by Chinese demand. That theory was confirmed by a table from Bitcoinity that Justin Tsang sent me on Twitter today. The picture shows that over the past 3 days the largest Bitcoin exchange in the world is not Mt. Gox anymore, but BTC China!
Although over the past 24 hours Mt. Gox is bigger than BTC China again, I think this is quite significant for the Bitcoin economy. China is not only taking over the real world, but now also the virtual one. This is something fairly recent, because before I left China earlier this year nobody really talked about Bitcoin yet. Bitcoin is not mainstream yet, but with Baidu now accepting Bitcoin and BTC China being the largest Bitcoin exchange in the world, this is changing very fast!