Bank Of China Is Promoting Bitcoin And It Sounds Very Bullish!

[jak3]

That is very interesting indeed. China supporting bitcoin and another cryptocurrency is very new but if it is true and they now understand the true power of cryptos then that can be a huge thing. People all around the world can finally collaborate with them. and addition to all this china and japan are the two most popular cartoon producing inductions. What if they starting a new cartoon series on cryptocurrency. that will influence kids all around the world and that will also help them educate kids further on how to handle this new coin.

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[samcrypto]

Is this real? because I just heard an article about China stopping people from using bitcoin. Oh well, the article I'm referring for might be a FUD so its good to see this new article about the support of Bank of China in bitcoin. Its good to have a bullish news, we need this and hopefully China will take that one seriously. Bitcoin being promoted by the banks, is a great honor for us. I can feel the mass adoption because of this. 

[Hallmader]

Is this real? because I just heard an article about China stopping people from using bitcoin. Oh well, the article I'm referring for might be a FUD so its good to see this new article about the support of Bank of China in bitcoin. Its good to have a bullish news, we need this and hopefully China will take that one seriously. Bitcoin being promoted by the banks, is a great honor for us. I can feel the mass adoption because of this. 

There was a time when china's stance against Bitcoin is on the negative. ICOs, cryptocurrency exchanges, and even mining were once made illegal there. So this is really a great improvement in terms of how the country is treating Bitcoin. This is going to have a nice effect on Bitcoin's value as soon as it is absorbed by the huge chinese populace.

[LogitechMouse]

Remember the time when China is very pessimistic with regards to Bitcoin at year 2017. What happened?? It went up. What does this mean?.

For those newbie, this may be good because a country that has been bad with regards to crypto in the past years is now supporting it. For me, I'm not against these users but this is a bearish signal for me for some reasons.

[SuperTA]

Remember the time when China is very pessimistic with regards to Bitcoin at year 2017. What happened?? It went up. What does this mean?.

For those newbie, this may be good because a country that has been bad with regards to crypto in the past years is now supporting it. For me, I'm not against these users but this is a bearish signal for me for some reasons.

The chinese ban made a correction for bitcoin.  Bitcoin will rise in the longterm no matter what they do.

[Ridwan Fauzi]

hmm i cant really believe this. why should a bank promote and educate people about bitcoin? everyone would realize how bad banks really are
sounds a bit weird to me.

Because they don't have a choice, really! It's about China, not a bank. Their state bank is only a tool in their hands. If they don't react soon enough, they could be left behind and lose a potential advantage and opportunities in the future.

Do you thinking that all banks must have an inovation to create a new coin such as JP Morgan? But I have no idea with the regulation at there. As long as the government of china ban the using of bitcoin then all form of bank must obey it.

That is true if bank didn't have intention to make an inovation such as JP Morgan I have confident that in the future we will never see the bank anymore. Because we have had cryptocurrency and its function is more comfortable comparing bank. And we can see now how facebook create their own currency based on blockchain system, they will a concept as bank function IMO.

[7788bitcoin]

Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.

I am really surprised to see some positive news coming from China after a very very long time, i am still not sure what really changed now to have these kind of publication from the Bank of China, the last news that were from China was well back in 2015 i guess when they shut down all the exchanges and that made a huge impact on the price of bitcoin during that time and it is good to see some change in their attitude towards bitcoin even though it took many years.

[akela11]

Over the past month, the Chinese government has incredibly strongly supported Bitcoin, recognizing this as virtual property. Then, China reduced the tax for business and now the largest bank in China conducts such promoting. I am impressed and I think that China is seriously thinking about supporting the crypto market and crypto influencers.

[SuperTA]

Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.

I am really surprised to see some positive news coming from China after a very very long time, i am still not sure what really changed now to have these kind of publication from the Bank of China, the last news that were from China was well back in 2015 i guess when they shut down all the exchanges and that made a huge impact on the price of bitcoin during that time and it is good to see some change in their attitude towards bitcoin even though it took many years.

Usa government, Libra, regulations. They need to act fast.

[rdluffy]

I don't know you guys, but I'm tired of news from China

Every week we have: China bans BTC, China bans miners, China is promoting BTC, China will make BTC illegal etc, at least for me I don't believe in any news from China anymore

[Ibizugbe1]

With this move by the bank of China and considering the quarter it's coming from and the wealth distribution in China, the many predictions that bitcoin will hit $42,000 this year and a possible $100k by December may just be a truthful speculation. When will the bank of America do the same to the world?

[Juggy777]

Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.

https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main

I can’t believe it that Bank of China is promoting Bitcoin, and if they continue to promote it at this rate then it’s quiet possible that China may soon consider bitcoin as a legal tender. It’s strange that this news failed to lift bitcoins prices, do you’ll think that in coming days bitcoin prices will rally because of this move by Bank of China. Do you believe that now people in China will invest more in bitcoins, or it’ll have no effect on the way they’re currently investing in bitcoins.

[romero121]

Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.

https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main

I can’t believe it that Bank of China is promoting Bitcoin, and if they continue to promote it at this rate then it’s quiet possible that China may soon consider bitcoin as a legal tender. It’s strange that this news failed to lift bitcoins prices, do you’ll think that in coming days bitcoin prices will rally because of this move by Bank of China. Do you believe that now people in China will invest more in bitcoins, or it’ll have no effect on the way they’re currently investing in bitcoins.

This seems to be a way of promoting, yet that doesn't state people to make use of it. From my view China's bank has come up with the plan to give a perfect overview about bitcoin to its users. As a part it has visualized the functioning of bitcoin as well as the info graphic representation that will help in knowing the growth it has acquired. Soon we can expect more banking services from China to offer investment in terms of bitcoin on banks.

[btc78]

Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.

https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main

We know chinas stand for bitcoin,but we also knew how Chinese moves that all the things they will allow must benefits their government first before the people so this is very bullish and we must not bite the trap .let them prove first their true motive on why their government runs banking will treat bitcoin like this.

But for now atleast we hope to see some growth and bullrun for the man time since we are in falling value for a week now

[zviadits]

I think that China made it clear the country is interested in the development and support of Bitcoin after the court recognized Bitcoin as virtual property. So just waiting for news from China, think it will go good for crypto!

[Nellayar]

You know what? I do not believe in China because they are always banning bitcoin and reopen again. As time goes by, they are just making it as a strategy in order to manipulate the price and market condition. I don't know their real purposes but I don't care anymore if they ban bitcoin due to irregularities. Lol. They are interested in bitcoin but they want to capitalise it for their own sake.

[vladimirhf]

OP, it might be a trap, whatever their game is. Why would the bank of China educate the people about Bitcoin? Bitcoin is a takeover, they don't want people in their country using it.

Or is the Bank of China HODLING?

pretty sure they are hodling hehe and even when the government spreads fud, I think they are just playing. the country also controls most of the mining, this is good for them.

[tiedcoin]

Bank of China’s promotion of the Bitcoin is not merely bullish. The basic idea behind them promoting the Crypto to their customers and citizens has to do with the fact that Bitcoin has a limited supply and circulation.
Due to it not being readily available, and having a limited supply makes its value continue to rise. The Chinese also feel like the crypto-currency might act as a storage value for those countries that suffer different levels of inflation.

[Janation]

I think that China made it clear the country is interested in the development and support of Bitcoin after the court recognized Bitcoin as virtual property. So just waiting for news from China, think it will go good for crypto!

The roller coaster of emotions for China, right here.

They are the biggest miners in the industry, then they banned Bitcoin, after that they will be advertising it, so China did not really ban Bitcoin? Or did they? I think we should just wait to what may come, other cryptocurrencies are falling while Bitcoin is getting unpredictable again but giving some good profits lately, better stick to Bitcoin then.

[kecha1]

The way China treats bitcoin will help them win this economic race