Ninjastic
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Board Bitcoin Discussion
Re: China Has Something to Do with Bitcoin's Price Increase After All
by
StayFly
on 30/10/2019, 20:20:46 UTC
Quote from: DabsPoorVersion on October 30, 2019, 11:29:04 AM
Quote from: Xxmodded on October 30, 2019, 03:40:11 AM
Quote from: cryptozink on October 28, 2019, 03:06:08 AM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s 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.
After China have announce with legal using bitcoin and blockchain technology we are still waiting which one country want to adopt and legal for using bitcoin transaction again? have any other bigger country like United Kingdom, Japan, North Korea and Singapore want to adopt and legal bitcoin as transaction payment or not, if have many country available using bitcoin and altcoin as legal transaction payment I think will easy bitcoin raise to higer price.
China was clearly pointing about adoption of blockchain technology, they dont talk about exactly to bitcoin.
And, there are no other countries who are still making a move to legalize cryptocurrency, but they remain as neutral. They are still waiting for the right time as of now
There is no doubt China is the major reason behind the recent bitcoin price boost. China's president announced the Chinese government plant to adopt the blockchain technology and that is enough to change the market conditions. The people would be thinking China will be back again.