Who has been driving the crypto boom? Individuals in Asia

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Despite a backlash from some regional governments, Asian retail traders continue to drive demand

There is no doubt that 2017 has been the figurative Big Bang for digital currency markets. Until last Friday’s selling frenzy, Bitcoin had made a meteoric rise of 1,800% since the beginning of the year.

Inde 1aIt tumbled last week below US$12,000 to put it on track for its worst week since 2013.

Other cryptocurrencies, such as Riot Blockchain and Overstock.com, also struggled.

But even with Friday’s decline, bitcoin is still more than double from its price at the…

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