By using a decentralized ledger system which is known otherwise as blockchain in the globe, it has become possible to create, distribute, trade and store Bitcoins. With this in mind, any expansion in Blockchain is capable of benefiting Bitcoin and other cryptocurrency. Due to Xi’s comments, it opened a new battleground between the US-China trade war.
War isn’t in the Battlefield Anymore
So if you think that war is only happening in the battlefield, then think again because these days, there is more than what meets the eye. After bringing too much focus on import and export, patent infringements, agriculture, spyware and the likes, the attention is now laser-focused on FinTech.
Can’t be Beaten that Easy
After surging to almost 10,100 dollars on 25th of October, Bitcoin retreated to nearly 9,400 dollars in the morning trade which is still, 25 percent gain less than 5 days.
By far, China is deemed to be the world leader in terms of using and developing blockchain technology as per the number of patents being filed as well as the number of established and known companies that are in the field. This is based on the research conducted by The Wharton School.