CHINA QUIETLY RETURNS TO THE BITCOIN MINING MAP – AND THIS SIGNAL IS SHOCKING THE MARKET
The latest data shows that China has quietly climbed to the position of the world's third-largest Bitcoin mining country, despite the ban still being in effect. Domestic hashrate has been steadily increasing for several months – a sign that mining activity is recovering on a large and organized scale.
This has raised a series of speculations:
Part of China's BTC mining activities may have been given a 'silent green light'.
The un-ban policy may be closer than the market expects.
Geopolitical dynamics and technological competition make it less far-fetched that Beijing could lift the ban.
If China officially lifts the ban, the market could witness a supply shock and hashrate, followed by new capital flowing into the Bitcoin ecosystem.
