China Poised To Become Leader Of Bitcoin Market
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.
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.