Despite the Chinese government's strict ban on cryptocurrency activities, the recent surge in the value of Bitcoin has captured the attention of internet users in mainland China. Bitcoin's popularity has soared on major Chinese social media platforms, with Weibo ranking it as the 11th most-searched term at one point. The surge in interest follows a 676% increase in Bitcoin's popularity on WeChat on February 13, coinciding with its milestone of surpassing the $60,000 mark for the first time in over two years. The recent momentum in Bitcoin's value can be attributed in part to the introduction of Spot Bitcoin ETFs in the U.S. in January.