📜 May 21, 2021: China's mining ban nuked 50%+ of global $BTC hashrate overnight.

Miners scrambled to the US, Europe, Kazakhstan. Biggest forced migration in crypto history.

Hashrate recovered within 6 months. Network didn't die. Decentralization thesis proven.

China fumbled the bag. US now dominates mining. Wild how one policy move reshuffled the entire industry.