Did the Chinese President Xi Jinping pump the price of Bitcoin with his announcement on blockchain?
by John Smith 
Did the Chinese President Xi Jinping pump the price of Bitcoin with his announcement on blockchain?
Indeed, the Bitcoin price pumped to $10370 with, in parallel, the statements of the Chinese president on Blockchain technology.
Chinese President Xi Jinping urges China and its citizens to accelerate the adoption of blockchain technologies.
On October 24, 2019, Xi Jjinping made these comments during a session of the Political Bureau of the CPC Central Committee on Blockchain Technology Trends.
Adopting blockchain as an important step forward for independent innovation of core technologies.
Xi Jinping told the committee:
“We need to consider blockchain as an important step forward for independent innovation in core technologies, clarify policy, increase investment, focus on a number of key technologies, and accelerate the development of industrial innovation and blockchain.”
This is clearly positive news for the crypto and Bitcoin market to see the Chinese president officially promoting blockchain technology as a key source for China’s innovation.
China had shut down crypto trading late 2017, prohibiting the trading of Bitcoin BTC and other cryptocurrencies.
Crypto exchanges had to leave the country in order to continue their crypto exchange activity.
The statements of Chinese President Xi Jinping may be announcing a change at this level.
These statements on the blockchain technology did not go unnoticed in any case with a Bitcoin BTC price up with this $10370 BTC pump.
