Blockchain Capital partner Spencer Bogart: Bitcoin investors should focus on long-term forecasts rather than short-term news impact

Blockchain Capital general partner Spencer Bogart said in an interview with Bloomberg on Tuesday that China has indeed been pushing the price of bitcoin for the past few months. China's support for blockchain has a direct impact on the price of Bitcoin. In addition, after China vigorously promoted blockchain technology, Bitcoin soared to more than $ 10,500. However, China does not always support blockchain or even cryptocurrencies. Bogart said, "I don't think Bitcoin's future depends on what China does in any way. It's helpful to shrink and stay away from some recent headlines because I think, in general, any short-term Trading strategies are all wrong. The question people should ask is, will Bitcoin be more successful in the next five years than it is now? "