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We must separate Bitcoin from Blockchain, said Chinese banker

As more and more institutionalized financiers try to make sense of the cryptocurrency revolution, many call Blockchain the money changer. game, trying to separate Bitcoin

In a world where banks have hegemony over money, there are many calls to launch Bitcoin while strengthening Blockchain as two entities distinct.

Fan Bao, CEO of China Renaissance Investment Bank, said that Bitcoin is not as attractive as the distributed accounting technology that underlies it.

"Get a little bubbling"

Bao, in his evaluation of Bitcoin, also added that he believes that he is starting to get a little "Bubblish."

"I think we need to separate Bitcoin from the Blockchain," said Bao. "I think Blockchain is a very exciting technology, probably the most disruptive technology in our industry, the financial services industry."

Bao adds that those who arrived at Bitcoin early will benefit, but his general opinion was dubious of digital currency. Bao joined many traditional investors who use the facade of a bubble to discredit the digital currency.

Jamie Dimon and Larry Fink of BlackRock have been very critical of Bitcoin in recent weeks. However, they also showed interest in the Blockchain.

One of the applications

Bao continued with his praise of Blockchain and the degradation of Bitcoin, stating that the appearance of digital currency is "just an application".

"Obviously, it's starting to get a little hot, as the weather outside, getting a little bubbling, I'm a strong supporter of Blockchain in terms of wider application in our industry. "

There has been a boom in the interest and adoption of the Blockchain of a number of large companies and banks – including BBVA, Bank Danamon and National Australia Bank.

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In this regard, Bitcoin's enemies at JP Morgan and the Royal Bank of Canada stated that they would invest in the Blockchain