Bitcoin and other altcoins are on the continuous decline for some time now. Started from the beginning of this year, Still, Downtrend is continuing. At the end of last year, Bitcoin reached its all-time high price. After that Bitcoin along with other coins shows the downtrend. There are some speculations about the crypto market decline. Some believe that There may be a market manipulation.

Big Names Praised Blockchain Technology

A lot of people know blockchain technology due to digital currency especially Bitcoin. Couple months ago, One bitcoin crossed $20k. Bitcoin got a lot of mainstream media attention, Everyday new news about bitcoin or blockchain technology. Though All are not a big fan of Cryptocurrency or the technology. We have seen a lot of negative statements regarding Bitcoin.

Bitcoin is a fraud - JP Morgan CEO

Recently, Alibaba founder Jack Ma praised blockchain technology when he is skeptical about Bitcoin.

China is adopting Blockchain Technology:

At the end of last year, China banned cryptocurrency exchange and ICO. Even they go after cryptocurrency miners. China has done all the possible measures to the growth and uses cryptocurrency. Now it seems that China is also impressed with blockchain technology.

Recently, Chinese Ministry of industry and information technology released a list of the best public blockchain. Ethereum is the number one blockchain project in that list. Steem blockchain secured the second position.

An interesting fact is that Chinese city, Shenzhen, adopting blockchain technology to fight against tax evasion. Source

Blockchain Vs Cryptocurrency Adoption

Cryptocurrency is built on blockchain technology. Now it is obvious that some countries like China, will not allow cryptocurrency. China will develop and adopt blockchain technology. Some countries may adopt both. like South korea and Japan.

What is your opinion on the separation between Blockchain Technology and Cryptocurrency

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