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Bitcoin Bull: BTC Could Help Fight Chinese Surveillance

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Mon, 11/11/2019 - 15:17
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Yuri Molchan
Angel investor and BTC bull Anthony Pompliano states that China is not after blockchain as an idea and that Bitcoin may help fight Chinese surveillance
Bitcoin Bull: BTC Could Help Fight Chinese Surveillance
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Morgan Creek Digital’s co-founder and a crypto podcaster Anthony Pompliano has expressed his attitude towards the recent blockchain boom in China on his Twitter page.

It is not blockchain China is after

In his recent tweet, Pomp states that it is not blockchain this country is after, it is automation. Blockchain, he says can power global automation. And since China is already the leader in AI and 5G Internet, this seems logical.

Fighting ‘Chinese surveillance’ with Bitcoin

Pompliano has also recently expressed a view that Bitcoin can help the US fight Chinese surveillance. He did not specify, what he meant, though. This tweet was taken with a great deal of doubt from his followers.

Some of them pointed out that the majority of Bitcoin miners are based in China itself.

Replies to Pompliano
Image via Twitter

Recently, U.Today reported that China has reversed on its earlier intention to ban cryptocurrency mining and has taken it off the list of industries to be eliminated.

However, today’s news that Bitcoin has got to the front page of a major state-run Chinese newspaper Xinhua, seems to have grabbed ‘Pomp’s attention and perhaps will change his opinion on China and its attitude towards Bitcoin.

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Pomp meets the notorious Crypto_Bitlord

Anthony Pompliano is famous on Crypto Twitter and runs his podcast, where, among other people from the crypto sphere, Ripple’s CEO Brad Garlinghouse took part recently.

Besides, crypto enthusiasts seem to often bump into Pomp either in airports or at crypto events.

One of such people is the notorious guy from the XRP community - @Crypto_Bitlord.

This person is known on Twitter for his severe critics of the current Ripple’s policy regarding regular releases of XRP from escrow. He was the one who threatened to conduct a Ripple hard fork to put an end to these ‘XRP dumps’, believing that they prevent the coin’s price from surging.

Although, Brad Garlinghouse not long ago stated on Twitter that the company is using XRP to improve the liquidity of the asset and that nobody can manipulate the price of XRP, not even Ripple.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.