China is suddenly bullish on blockchain technology. It has overloaded the cryptocurrency industry with praise over the past few months. The government has also led multi-billion dollar investments in blockchain projects with the vision of commercializing blockchain technology in the near future.
Blockchain is Better Than the Internet
CCTV, AKA China Central Television, a state TV channel controlled by the government, released an hour-long report covering blockchain technology and cryptocurrency, featuring various topics including blockchain fraud, emerging projects, and the cryptocurrency sector.
Towards the end of the report, CCTV, whose content is directly controlled by the local authorities, boldly stated: