President Xi's Recent Blockchain Endorsement Changes Everything

On October 25th, China's President Xi Jinping opined that blockchain should be treated "as an important breakthrough for independent innovation of core technologies" Following the statement, the market witnessed session highs for Bitcoin reaching a high of $10,540.49 - a 16% increase within a day. The word “Blockchain” was searched an amazing 72,049 on Friday alone with Wechat also reporting the word being searched 3,331,874 times. This comes simultaneously as China rolls out a brand-new policy based on the previously mentioned 2011 catalogue for 2019.