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Chinese Media’s Silence Is Deafening as Bitcoin Soars Toward USD 70,000
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As bitcoin (BTC) continues its meteoric price rise, dragging the rest of the market with it, the news has been making front pages the world over. Everywhere, that is, except China, where the price leap has been met with a wall of stony silence.
A search for “cryptocurrency” on Baidu, the Middle Kingdom’s biggest search engine, returns precious little in the way of BTC price news from any of the nation’s major media outlets. A similar search on Chinese Google produces similar results.
What such searches do produce, however, is a glut of news reports about crypto scams, token-hungry dating app-based catfishing schemes, police crackdowns, and efforts to fight the “polluting effects” of crypto mining.
The state-run China Economic Daily, the
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