Nov 22, 2019
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BTC Sinks Again – China Hype Movement Lost

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  • President Xi Jinping addressed the nation last month, in regards to the “important role of blockchain.
  • Peter Schiff says it is a “classic pump and dump” scheme. 

Chinese President Xi Jinping addressed the nation last month on October 25th, in regards to the “important role [blockchain would play] in the next round of technological innovation and industrial transformation.” 

Jinping declared that his administration would make a primary focal point on getting China to “take the leading position gain” in the research and development of blockchain tech.

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