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China Poised To Become Leader Of Bitcoin Market

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Bitcoin is getting popular in china day by day, last week we saw a sudden spike in official Bitcoin client from China as Chinese TV broadcaster CCTV aired a 30 minute show on Bitcoins, in which Bitcoin was presented in a good light. The show was hosted by Economics in half an hour, a famous economics talk show in China (watch here).

It was a basic documentary related to  Bitcoin basics, mining, and interview of some early adopters. CCTV is a national broadcaster with a huge viewership in China. Given that the Chinese government has total control over the CCTV broadcasting.

After the broadcast, we noticed a big spike in numbers of official Bitcoin client. Needless to mention, the world’s largest economy is getting  familiar with Bitcoins can drive the currency and could create massive cross-border demand.

Bitcoin in China

If the Chinese bitcoin exchange play fairly, it may even overtake MtGox as the major exchange by numbers alone. Overall this definitely sounds great for Bitcoin future.

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