Chinese president Xi Jinping said that he wants to roll out blockchain technology across the Chinese economy. Even though this might sound very bullish for crypto, it’s not (yet). He’s still against cryptocurrencies, so it’s expected that he’ll use a private blockchain for this innovation across the Chinese economy.
With this news came a big pump of Bitcoin and Chinese blockchain projects such as NEO, Ontology, Tron, VeChain and more. Of course this is purely speculative, it’s not likely one of them will be used. It triggered some nice gains though.
What’s next for Bitcoin and the altcoins? Answers in the video.
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