RATE Group | China’s State Outlet Xinhua Exposes Millions to Bitcoin
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China’s State Outlet Xinhua Exposes Millions to Bitcoin

11 Nov China’s State Outlet Xinhua Exposes Millions to Bitcoin

Posted at 03:46h in Bitcoin News by

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China doesn’t seem to want the Bitcoin and blockchain gravy down to slow down any time soon. On Sunday afternoon (PST), reports arose on Twitter that Chinese state media had begun to talk up the leading cryptocurrency via an article. While the price of BTC hasn’t reacted to this tidbit of news, this article could have a resounding effect on China’s knowledge of crypto assets in the coming years.

Related Reading: Chinese Bank Invests in Bitcoin Wallet After President Xi’s Remarks: Report

Chinese State Media Talks Up Bitcoin

Monday’s edition of Xinhua — the official state-run publication of the People’s Republic of China — contained an article whose title roughly translates “Bitcoin: The First Successful Application of Blockchain Technology.” While the piece wasn’t all positive, the headline alone may push Chinese investors to take a close look at the cryptocurrency market once again, despite the restrictions put in place.

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