Chinese President Xi Jinping highlighted the potential of the technology underpinning digital currencies, fueling a surge in related stocks and bitcoin, which briefly topped $10,000.
Mr. Xi said China should speed up research into blockchain, the open-ledger system that cryptocurrencies rely on, according to a report released by the country’s official Xinhua News Agency on Friday after the local stock market had closed. China’s central bank has been developing its own digital currency.
Should have bought Bitcoin...
I strongly doubt that whether he really understands modern tech
Because Bitcoin is for money laundering.
Check out this video on the suppressed freedom in china
The United States is busy electing.
Wants to get rid of the dollar but it won’t work. He won’t have to hold dollars but everything will still be priced in it.
fake food, fake numbers; never trust the CCP
Is he kidnapped by Silicon Valley or something
In 2007 seemed impossible that the housing market could crash and the history proved us wrong .. now it seems to be impossible for US Economy to default under its burden
So it's easier for money laundering and currency manipulation I guess.
Your demise will be sweet .. typically, youre hoping to piggy-back onto something like the parasite you are. :)
good dont want other monies in America = Facebook also prepared as the EU all countries changed thier monies ///not America
Positive for blockchain doesn't necessarily translate into positive for Bitcoin, but with a lack of liquidity on crypto exchanges its easy to get a big move in one direction or another from a single large buyer compared to traditional asset classes.
He's endorsing his own blockchain, dummy. Everyone else's will be banned.
Interesting movement since it is a 'cryptocurrency that controls'. China must 'learn' that the United States is not as 'enemy' as it believes and that Russia is not as 'friendly' as it believes.
He wants to get his country out of the US petrodollar system.
RUTT ROW
Desperate move from a dictatorship on its knees
IntrinsicValue lol
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