RATE Group | Massive surge for Bitcoin after Xi’s comments – Bitcoin USD (Cryptocurrency:BTC-USD)
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Massive surge for Bitcoin after Xi’s comments – Bitcoin USD (Cryptocurrency:BTC-USD)

Massive surge for Bitcoin after Xi’s comments – Bitcoin USD (Cryptocurrency:BTC-USD)

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China needs to “seize the opportunity” of blockchain technology, said President Xi over the weekend.

“We must take the blockchain as an important breakthrough for independent innovation of core technologies.”

Those comments are seemingly behind Bitcoin (BTC-USD) spiking to over $10K from around $7.5K Friday afternoon. Bitcoin’s currently sitting at about $9.5K.

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