China’s State-Controlled Media Explains Bitcoin to Millions: Knock-On Effect

Many wrote off Chinese president Xi Jinping’s recent endorsement of blockchain as non-beneficial for Bitcoin and other cryptocurrencies. But this is quickly proving itself to not be true.
For those who missed the memo, a quick interlude. On Friday, Chinese state media outlet Xinhua revealed that China’s leader had called for the adoption of blockchain “as an important breakthrough for independent innovation of core technologies” in a meeting of the Political Bureau of the