Review: How has CCTV reported on Bitcoin over the years?

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Today, CCTV reported that cryptocurrency swiped the circle of friends.

CCTV2’s “Tianxia Finance” column quoted Bloomberg’s data that since the beginning of this year, the world’s major cryptocurrencies have increased by nearly 70%, while gold has only increased by 20%. The strong rise of cryptocurrencies not only outperformed gold, but also surpassed the global stock market, bond market, and commodity markets.

If you look at the rate of return on investment alone, cryptocurrency can be said to be one of the best performing investment assets this year. The best-performing cryptocurrency may be Ethereum, which has risen by 169.4% this year, and Bitcoin is 49.48%.

The main reason for pushing the rise of cryptocurrency is DeFi, the so-called decentralized finance. The acceptance of decentralized finance continues to increase, and cryptocurrency is the main tool in this regard. On the other hand, due to the epidemic, the introduction of huge stimulus may stimulate inflation and weaken the U.S. dollar. Supporters believe that major cryptocurrencies such as Bitcoin provide an option for value preservation.

Looking back at history, since CCTV first reported on Bitcoin in 2013, it has repeatedly broadcast special features on Bitcoin in financial news.

 

2013-Li Xiaolai became the richest man in Bitcoin

On May 3, 2013, the “Economic Half Hour” column of CCTV-2 Finance conducted a special exploration of Bitcoin.

The opportunity for the report originated from the “4.20” magnitude 7.0 earthquake in Lushan County, Sichuan. The disaster-stricken area received various donations, the strangest of which was the donation of more than 230 bitcoins received by the charity organization One Foundation.

That is, in this year, Li Xiaolai claimed in an interview with CCTV that he had “6-figure Bitcoin” in his hands. Therefore, he became the “China’s richest Bitcoin man” and became popular since then, becoming the industry’s number one internet celebrity.

Later, Bao Erye said angrily that CCTV was interviewing Garage Coffee, Wu Gang was not there, Zhao Dong was not, and he was not there. Su Han (the founder of Garage Coffee) asked Li Xiaolai to be interviewed. Li Xiao came over and said that I had six figures for Bitcoin. CCTV didn’t look at his Bitcoin address, so it exposed him directly.

“Just look at the six digits of Bitcoin, and laugh and say that 100,000 Bitcoins is something that everyone believes. The fake has become real, do you understand?”

Since then, Li Xiaolai has become a frequent visitor to CCTV interviews, and the title of “Bitcoin’s richest man” is deeply rooted in the hearts of the people.

In addition to Li Xiaolai, the big names interviewed by CCTV this year also included Xu Mingxing, the founder of Ouke Group and the head of the OKCoin trading platform. Because the central bank prohibited third-party payment platforms from opening up to Bitcoin trading platforms, Xu Mingxing was in front of the camera. Reluctantly said: “We used to think that the most difficult thing in the world to buy with money is love, but now it seems that the hardest thing to buy with money is Bitcoin.”

2017-Witness the bubble and madness

2017 was the craziest year in Bitcoin history.

On July 12, 2017, CCTV reporters walked into Dashan, investigated the Bitcoin mining farm in depth, and reported on the current status of the Bitcoin mining farm: thousands of mining machines and dozens of industrial fans operate day and night, probably more than ten in a day Bitcoins.

Since then, CCTV began to intensively report on Bitcoin, and 2017 was also a legendary bull market in the history of cryptocurrency !

On August 9, 2017, CCTV CCTV2 broadcasted the “Global Finance Connection” column, explaining the recent price trends of digital currencies such as Bitcoin.

On September 4, 2017, the central bank issued a document that clearly stopped the token issuance financing, that is, the 1CO ban, and CCTV cooperated with the report.

On November 28, 2017, the CCTV-2 Finance “CCTV Finance Review” column conducted an in-depth discussion on “When will the madness of Bitcoin end?” and conducted a 26-minute analysis of the skyrocketing Bitcoin.

That month, the price of Bitcoin exceeded US$10,000, but the madness did not end. Bitcoin skyrocketed, reaching a maximum of US$20,000.

2018-torture the bear market

Entering 2018, cryptocurrency began to enter a bear market. While reporting on cryptocurrency, CCTV began to explore the technical value of blockchain.

On May 17, CCTV CCTV-13 News broadcasted the report “Bitcoin: Virtual Currency for Real Shopping”. The column interviewed Jack, a guy from a foreign country. He used 0.02 bitcoins as a payment method to complete the consumption in a coffee shop in Beijing. Li Xiaolai also appeared in the interview as a “veteran bitcoin player”.

On May 21, the “Economic Information Network” program of CCTV’s financial channel made an in-depth report on the current virtual currency market, exposing three major chaos in the current virtual currency market in China :

1: The dream of getting rich has made the “coin market” still hot; 2: “Air Coins” appear frequently, and newly issued tokens have increased by more than 30 times; 3: Celebrity platforms, rising games, easy money making.

Li Xiaolai appeared again and said in an interview with a CCTV financial reporter: “In 99.9% of the cases, I was caught by the platform. People who are eager to make money are afraid of missing opportunities, and he can’t judge. So, it depends on who is on the platform. , Maybe that person on the platform is influential, which means that this thing may be favored.”

While exposing the chaos of digital currency, CCTV began to report on the technical value of blockchain.

On June 3, CCTV-2’s “Dialogue” program aired the topic “Dialogue Blockchain”.

This is the first time that CCTV has conducted a seminar-style discussion on the hot topic of blockchain, and it is also the highest-level report on blockchain in history.

The column invited Don Tapscott, Chairman of Tapscott Group, Wang Zhiqin, Vice President of China Information and Communication Research Institute, Chen Lei, CEO of Xunlei, Yuan Dao, Chairman of Zhongguancun Blockchain Industry Alliance, Zhang Shousheng, founder of Danhua Capital, etc., from the status quo, development, future, Interpretation of blockchain technology from several perspectives such as supervision.

In the second half of 2018, the cryptocurrency market entered a deep bear zone, and CCTV began to pay close attention to Amber under the plunge.

On November 21, CCTV-2 Finance conducted a special report on Bitcoin’s recent plunge. CCTV believes that the hard fork of BCH caused Bitcoin to plummet. Data at the time showed that the current global market value of cryptocurrencies was US$82 billion, which was 75% lower than the high value in December last year.

On the evening of December 5, CCTV-2 Economic Channel broadcasted the program “Bitcoin’Mining Disaster’ Storm”. According to the program, in just half a month, Bitcoin has fallen by 30%, and it has fallen by 70% from its highest point last year . This has caused a major storm in the Bitcoin mining circle. In addition to investigating the current mining situation of Bitcoin mining machines, CCTV reporters also rushed to Inner Mongolia to explore the operating status of large mines.

2019-technological revolution and crypto scams

In 2019, publicizing blockchain technology and being wary of cryptocurrency scams once again became the main line of CCTV reports .

On February 13, 2019, on the CCTV-2 Finance Channel “First Time” column, the host mentioned Bitcoin in the column and recommended the book “Encrypted Assets” related to Bitcoin.

The host stated that the book provides a relatively comprehensive introduction to the history, technology, and recent market dynamics and regulatory status of Bitcoin and other encrypted assets.

It is reported that the authors of the book “Encrypted Assets” are Americans Chris Burniske (Chris Burniske) and Jack Tatar (Jack Tatar).

Chris Bernice is the co-founder of Placeholder Ventures, a venture capital firm, and a buy-side analyst who paid attention to the emerging asset class of crypto assets earlier. He successfully prompted Wall Street to recognize crypto assets as a new asset type. In addition, he also advocated the “Next Generation Internet Strategy” of ARK Investment Management, and led the company to become a public fund management company investing in Bitcoin.

Then, the big event came!

On October 25, 2019, CCTV News was broadcast on CCTV. On the afternoon of October 24, the Politburo conducted the 18th collective study on the development status and trends of blockchain technology. The integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. We must take the blockchain as an important breakthrough in the independent innovation of core technologies, clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.

For a while, the blockchain became a popular word among the people. While holding the blockchain, CCTV began to attack the “blockchain” cryptocurrency scam.

On November 18, 2019, CCTV1 “Focus Interview” broadcasted the program “Blockchain is not a “withdrawal chain” on November 18. The program pointed out that in the current blockchain boom, the most important thing to prevent and strengthen supervision is The so-called virtual digital currency must accelerate the promotion of relevant legislation.

On December 10, 2019, CCTV News reported on cryptocurrency again. The report pointed out that since 2019, a total of 6 newly discovered domestic virtual currency trading platforms have been closed. Relevant departments have processed 203 overseas virtual currency exchanges through technology in 7 batches, and closed nearly 10,000 virtual currency accounts through two large non-bank payment institutions.

2020-the central bank’s digital currency and technology applications land

In 2020, the implementation of blockchain technology and the central bank’s digital currency will become the main focus of CCTV.

On March 26, 2020, CCTV News reported that Xicheng District, Beijing took the lead in completing the pilot work of blockchain application in Beijing district-level government services. Through blockchain technology, it achieved data sharing and business process optimization, making government work more efficient. High, it also makes it more convenient for residents and enterprises to work.

In addition, CCTV intensively reported on the digital renminbi, and CCTV Financial Interpretation stated that China’s legal digital currency is the combination of digital currency and electronic payment tools by the People’s Bank of China, with the goal of replacing some of the cash. Simply put, the People’s Bank of China digital currency can be regarded as digital RMB cash. From the perspective of usage scenarios, the central bank’s digital currency does not count and pay interest, and can be used in small, retail, and high-frequency business scenarios, which is not much different from the use of banknotes. It does not rely on bank accounts and payment accounts, as long as the user has a digital currency wallet to use.

Looking back on history, CCTV can be considered to have witnessed the rise, prosperity, bubbles and troughs of Bitcoin , but nowadays, without Teacher Li’s appearance, it always feels like something is missing, what do you think?

*Shenchao TechFLow reminds investors to guard against the risk of chasing highs. The views in this article do not constitute any investment advice.