Is China softening on Bitcoin? A turn of phrase stirs the crypto world
Cointelegraph
Published May 05, 2021 12:28PM ET
Updated May 05, 2021 12:40PM ET
They were only two seemingly innocuous words: investment alternatives. But when applied to Bitcoin the seminal cryptocurrency by an official from the Peoples Bank of China in a recent panel discussion, they reverberated like a firecracker.
A remarkable step for BTC, Lennix Lai, director of financial markets at OKEx, calls the statement. Michael Peshkam, executive in residence at European business school INSEAD, describes the central bankers remarks as a significant shift in the countrys position on crypto.
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Written By: Cointelegraph
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