BitcoinWarrior

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Bitcoin’s Popularity Soars On Chinese Social Media Despite Xi Jinping’s Government Crackdown

Despite the Xi Jinping government’s hardline stance against cryptocurrencies, Bitcoin (CRYPTO: BTC) continues to gain traction on Chinese social media platforms. What Happened: The rising interest in Bitcoin on Chinese social media platforms is indicative of a thriving community of cryptocurrency enthusiasts in mainland China, undeterred by Beijing’s strict opposition to all crypto-related activities, reported South China Morning Post. On Wednesday, Bitcoin ranked as the 11th most-searched term on Weibo, a microblogging service. Similarly, its popularity on the super app WeChat skyrocketed ove…