People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up
The Chinese are mainly miners. They mine the bitcoin but they also have to pay the cost of mining. Most of the mined coins flow to the west.