Such rumours really make a vast contribution in the growth of bitcoins but until they arrive from a trusted source there always is silence in the markets. In these markets where most of the governments are banning cryptocurrencies it is really difficult to accept that china is preparing to invest their reserves into bitcoins. But if ever this is a confirmed news, then I am sure a lot of big whales will seriously fill their pockets as soon as possible which will show a huge price in the history of bitcoins.

Peoples like me always rely on such hopes and try investing into dips. If ever Russia shows such growth in bitcoins than most of the other friendly countries may also start going for it which may pump the price multiple times.