Topic: Chinese Media Is All Praises For Bitcoin - page 4. (Read 7979 times)
Although bitcoin has not been fully accepted by the Chinese government, one of the oldest science and technology media in the country, the Beijing Sci-Tech Report (BSTR) recently announced that it will start accepting Bitcoin in 2019. The BTC crypto currency is planned to become one of the payment tools that visitors can use to pay subscription fees at BSTR. Because of the high volatility of Bitcoin, BSTR says if prices increase rapidly in 2020, they will provide a refund to visitors who pay subscription fees with Bitcoin.
Aren't media outlets in China owned by the government? If that's the case, this means that the Chinese are softening up for bitcoin and could potentially issue yet another statement regarding their support for bitcoin and other related services. Or it could just be another statement to piss off the Americans, knowing that the USD has been pretty much weakening as days are passing by. Either way, the Chinese are planning to get involved by prepping up the media, and releasing such statements just helps with that.
I would not greatly happy this news, as this may be an isolated case. In addition, China is a state with rigid censorship and the attitude to cryptocurrency on the part of the state is not very positive. Media in general is not worth much trust. When bitcoin fell, almost everyone wrote that cryptocurrency is a scam, that they are not secured and because of them many people lost their money, but as soon as bitcoin began to grow again, it suddenly became the hope of the future, breakthrough technologies and opportunities protect yourself from inflation and stress in the global financial market.
Prominent Chinese media houses love Bitcoin and believe that the number one cryptocurrency is a safe haven asset given rising tensions in the socio-political relations among global economic powerhouses....read more
https://www.cryptoknowmics.com/crypto/chinese-media-is-all-praises-for-bitcoin/
https://www.cryptoknowmics.com/crypto/chinese-media-is-all-praises-for-bitcoin/
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