bad news which is what's been happening recently when china's president xi jinping spoke out in favor of strengthening block chain technologies saying more should be invested that boosted bitcoins priced but now that china wants to take action against bitcoin the price has again collapsed let's bring in our financial correspondent early by standing by in frankfurt for us who only it sounds like investors really got confused about things a commons there what did they get or draw and what did they get wrong. yes i think they got it wrong that he meant that china was going to look into bitcoin and cryptocurrency is like it to adopt methods of payment but one actually knows that the chinese yes they are working on a digital currency but certainly one that is controlled by the state and not