Post
Topic
Board Bitcoin Discussion
Re: You should burst this MYTH
by
putukin
on 31/12/2019, 10:51:01 UTC
I often hear people quoting that some country (most of the times China) is positive towards blockchain and are thinking to using it in their country, so they are also  positive towards Bitcoin.

This is just a myth. To be honest Bitcoin and Blockchain are separable. Blockchain can sustain without crypto but crypto cannot without blockchain.

In recent times Bitcoin moved from 7k range to more than 10k may be with the news of China president talking about blockchain. Then people were saying that China is positive towards crypto but things were not that good. And now things are on the same page again.

So burst this myth that where blockchain is Bitcoin will also be there.

Many people directly associate Blockchain with Bitcoin, so it is not surprising that after the news of China's acceptance of Blockchain, the price of Bitcoin began to grow rapidly. Unfortunately, China is determined to create its own cryptocurrency and develop Blockchain in the country, and not to accept Bitcoin, because if Bitcoin is accepted, China will lose a large piece of power, which is not beneficial for such a powerful country