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.
As much as we want to stop thinking that bitcoin's price in the market is driven by any country, so as china, we can't deny the fact that China's reputation is very huge and powerful that their words could manipulate things. So if they declare that they will be acknowledging blockchain or they've already acknowledged blockchain and commend bitcoin for being one of its greatest customers in using a ledger, they'll surely could take part in changing and influencing people's mind.