Chinese President calls blockchain a 'breakthrough' technology

[CryptoGirl]

Chinese President Xi Jinping said in a speech this week that blockchain — the technology underlying bitcoin — has "breakthrough" applications.

"A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications," he said Monday, according to a translation of his remarks.

Xi also emphasized the need for China to focus on technological development and become the global center of science and innovation.

https://www.cnbc.com/2018/05/30/chinese-president-xi-jinping-calls-blockchain-a-breakthrough-technology.html

[btyco]

We need China to be involved in crypto as well, it's a big market over there and they could easily be the difference between a bull market and bearish one.