Dragon in complete favor of crypto currencies

Seems like one of the most famous quote of all time is quite true for the most loved cryptocurrency in the world and that is Bitcoin

First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi

And that exactly what is happening with the story of bitcoin specially in china the country who banned all services related to it is now trying everything to implement first the president there saying to implement blockchain technology in various industry on a much larger scale and stating the advantages and how quick movers will be taking advantage to be in the race.

And after all that who said the adoption of blockchain technology has nothing to do with bitcoin for those people the govt. there has clearly stated in official document that mining will not face crackdown in China.

its the China’s National Development and Reform Commission that has publicly shared a document in which they have removed the name of crypto mining which they want to eradicate completely its clear that slowly and all of a sudden china will try to move fast in virtual currencies it may be in any form whether a central bank one or using any other form.

Quite a bullish news but the market not reacted that quickly on this one so something is cooking behind the doors huhh ??? will have to wait and watch.

pic source