This week saw digital currency enthusiasts celebrate as bitcoin settle back in the $650 price range on major bitcoin exchanges. Well, analysts say bitcoin users may have to stock up on champagne bottles: the popular digital currency is poised to hit another sweet spot.

Investors and traders have been attributing the recent surge in the price of bitcoin to the hearty demand from the Chinese market due to fears of the Chinese yuan devaluation. But some financial experts believe that what is actually driving the demand for cryptocurrency is the Chinese government’s tightening regulations on wealth management solutions.

Bloomberg recently reported that the central bank of China has started the trial monitoring of banks’ off-balance-sheet wealth management products (WMPs) under its macro-prudential assessment system. The goal, according to Citigroup analyst Judy Zhang, is for regulators to better “control the pace of broad-based credit supply.”

For the digital currency market, this news may lead to another price break.