Story originally published at Asia Times
The Chinese are catching up to the Americans in the area of blockchain-related investments, according to a report from New York-based research firm CB Insights.
The researchers found that China accounted for 22% of blockchain investments in 2019, compared to 31% for the US. This represents a significant improvement for China when compared to 2015, when it had a meager 2% while the US was getting 51% of total funding, Cointelegraph reported.
Headlined by the trade dispute of 2019, competition between the US and China has intensified in recent years. That’s unsurprising considering they’re the two largest economies in the world. At best, however, the findings of this CB Insights report only suggest that US-China competition is intensifying in the blockchain space as well. It doesn’t give a clear picture of which country is ahead in blockchain development.
In addition, given that there is a slew of conflicting blockchain investment reports out there, it’s difficult to say for sure just what proportion of global blockchain investment goes to either country. For instance, according to CB Insights, 2019 saw a global investment volume of about $2.8 billion, down from $4.2 billion in 2018.
Wall St legend who picked last 2 “investments of the decade” reveals “#1 for 2020s”
Picking the right “investment of the decade” can transform your life…
Microsoft in the ‘80s…
Amazon in the ‘90s…
Apple in the 2020s…
Bitcoin 2010.
Any one of these could have made you a millionaire many times over. Starting with very little.
Today, the Wall Street legend who picked the last two “investments of the decade”… months (even years) before his peers… will finally reveal his new #1 pick for the 2020s.
It’s not 5G, artificial intelligence, or the internet of things.
The answer will surprise you. And, for those who take early action, it could lead to an eventual $1.6 million payout.
To see all the details for yourself, click here.
