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.
China has undoubtedly influenced Bitcoin, supporting the implementation of Blockchain. However, the main reason for the growth was the news about Bakkt and the closure of a large number of short positions