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?
A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
It is about their Own Coins that's why they try to push out Miners of bitcoin and they will make miners for their own coins..
China will always be greed and functional for their own peoples benefits .
But i see these as a best part of the situation because at least now Bitcoin will never be from China again , i mean the biggest part of bitcoin will now be spread worldwide.
now we can see countries here and there that considering adopting bitcoin .