35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalk.org/index.php?topic=5130327.msg50545198#msg50545198Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.
I don't think so that the Ban of miners will only result in the congestion of the bitcoin network which may even lead to high transactions fees being charge on bitcoin transactions. I love this stage of bitcoin price at lest bitcoin is stable and correct back to a point at each period. The only thing that can result into price rise in bitcoin is the level of demands.