Chinas state-controlled television station, CCTV.com, recently hosted a segment breaking down
Bitcoin, according to a prominent trader that closely follows the regions cryptocurrency scene.
China's state controlled television explaining the basics of "first ever
blockchain technology" #bitcoin $btc, and how a distributed ledger works
Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.
Yes we dont deny the fact that China has contributed to increase in prices as it is the center of mining farms all over world and its decision of adopting blockchain technology has pumped the demand in the market creating huge investments by the investors leading to price pumps over $9500 at this time.If this pace continues than prices can easily cross $10k by the end of the year without seeing any correction.