What might have been thought to be happening in the distant future is happing right now; the Bank of China explains Bitcoin position, why they are endorsing the leading cryptocurrency.
In an infographic, the Central Bank explained the history of Bitcoin and how this is the hardest form of currency humans have ever come across.
Previously, U.S Treasury Secretary labeled Bitcoin as an issue to national security, whereas now the Bank of China publicly shared information related to Bitcoin, which tends to indicate that it is endorsing this cryptocurrency.
The infographic that is posted on the website of the Chinese bank explained in detail about cryptoassets and why they are so valuable.
The store-of-value qualities of Bitcoin are the most interesting part. As it represents the difficult monetary principles that won the favor of Austrian economists as the underlying reason for its rising value. Read More at Cryptopolitan...