China president Xi Jinping said that his party must focus on bumping up investments in blockchain technology. This helped blockchain-related stocks, including bitcoin, scale north.
Xi, in particular, said that his party must focus on bumping up investments in blockchain technology. At the same time, they would focus on other technologies that boost blockchain and industrial innovation. Following Xi’s remarks, blockchain technology-related companies saw their shares move north.
After all, more capital will be funneled into them following the official endorsement of blockchain technology.
Read more from the source: Xi’s Blockchain Push a Boon for Bitcoin Stocks