Post
Topic
Board Bitcoin Discussion
Re: Could China (or similar) take control of Bitcoin?
by
YUriy1991
on 08/05/2024, 04:22:17 UTC
China still contains a sizable percentage of worldwide Bitcoin mining, so it is by no means "banned" there.

And even if China hated Bitcoin, that doesn't mean they wouldn't attempt to take it over.

True and the conditions are like that if we pay attention. Well, of course China currently has a large percentage in terms of hashing network dominance and potentially in terms of their future dominance of BTC but my view is they are not major key players in the current global cryptocurrency landscape and that is just their Long-Term Strategy.

Simply because everything will lead to a shift in the world economy, of course, it is unlikely that it will be controlled and fully and will depend on one country or single player because many things and factos also affect the growth of this industry.