Seems like China is done with Bitcoin. Hash rate has dropped by over 60% in the last few weeks, which confirms that miners are exiting China for good.
How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?
How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?
I do not know what China's game plan is - none at all
Because clearly having the hash rate reduced by this much and forcing the miners out of the country is not going to be a global economic advantage given the long term consequences of the government being anti-BTC. It seems like a wrong move at the wrong time for China to make.