Bitcoin is risky but it was bitcoin which originated the blockchain.
We already know that bitcoin is volatile and we know its risky, so if we are still using it regardless of our purpose, that means we understands it.
The statement of Jinping is very inspiring because it finally give light to people that China is pro blockchain and could be pro crypto in the long run.

They realize that if they will not start it now, they will be left behind by other big countries.

But one thing, I like to know if this is the reason why bitcoin has pump today, is there is a relation or is really the main reason?

It might be stupid and pointless but it's very fun. It's like gambling almost, you never know what is going to happen with the pricing.

The price bump was due to a variety of reasons, not just China showcasing its love for cryptocurrencies and blockchain technology.

Could you link me this? Could possibly explain the huge price pumps, but I'm not sure if they have that money to blow and if they would even do that - they don't see to really care about bitcoin, more blockchain technology.

Bitcoin is not perfect!
Bitcoin lacks in many areas which restrict is acceptance as a global currency. It has become more of a store of value.

Xi Jinping made a statement where he said we need to seize the opportunity of blockchain. Whether he is making a cryptocurrency which will be accepted globally? I don't think he meant that. Blockchain has many more use cases than to be used as a global payment system. It can be used in retail to medical industry. Moreover, no one will accept Chinese currency globally. So, his statement didn't mean he is creating a global crypto currency which could compete with bitcoin.

He meant to use and prioritize to maximize the possible usage of blockchain technology.
For me, it doesn't mean to compete with bitcoin, but to use and improve blockchain to increase the possible usage and develop it to a new possible use.

Blockchain technology can be used for a lot of other things besides cryptocurrencies.  The distributed ledger aspect makes it a perfect system for accurate record keeping of any kind, and it's unfortunate that there haven't been gov'ts or corporations using it for that so far.

Did they not just ban bitcoin mining in China?  That would be a huge mixed message if I'm remembering it right.  But that would be China.  The gov't wants to control everything and give the citizens nothing of value for their own.  That's true of a lot of gov'ts but especially China.

I do wonder if these comments had some effect on the price of bitcoin in the past day.  I'm still thinking it's Bakkt but I could be wrong.  If only we knew where all the buying orders came from...

Bitcoin has issues that are being worked on, that does not mean you can replace it. If Chinese President is in the process to replace Bitcoin, it will actually take many years to do so. Bitcoin is the reason why Cryptocurrency exsist , it is the currency by the people and  not by the state.

Being better is subjective.  In terms of technology, scalability, being a currency, government can easily create a better version than Bitcoin. The only thing that a government cannot beat Bitcoin is its decentralization because the government is against that.

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I believe this is a challenge by the China's president to Bitcoin.  They wanted to be the leading country when it comes to blockchain technology so that their influence will be greater in terms of blockchain based technology such as cryptocurrency.  If they have such influence, it will be easy for them to ban/regulate Bitcoin in different countries.

I guess it will be hard for them to create a cryptocurrency which is better than Bitcoin. As we all know, Btc is well established and has passed all the tests of time which made its foundation strong so if they will create their own coin in the future, they have to go through a lot as well. For now, I guess they will only be adopting Bitcoin. If massive adoption from China will happen, I'm sure that it will bring a positive effect to the market situation.

One reason why I would still maintain my stand on the fact that it would be very much impossible for any government to really build any blockchain technology that is as perfect as bitcoin is because they will all build a coin they can have control over, and any chain they will be able to control fully can be influenced and be compromised, but bitcoin being a chain that is not owned by anyone and no one can even be able to modify it makes it more solid because this is the type of coin that can really guarantee anything that has to do with privacy of user’s data and transaction.

China's own will be great too anyway because when it also comes to technology, they are surely good at it, but some of the things that do come from china are less quality things which is why I believe that china chain system may be compromised.