This one I can’t figure out. My question for all you experts is:
Around 2019, estimates suggested that China controlled as much as ~70–76% of the global Bitcoin hash rate.
My question is whether there is any credible evidence of U.S. government involvement or pressure (direct or indirect) aimed at pushing China out of Bitcoin mining during that period, or whether China’s eventual mining crackdown was primarily driven by domestic economic and infrastructure factors — such as the huge electricity draw, grid strain, and the impact on China’s ability to maintain their manufacturing in competition with the US.
In other words, was this a geopolitical intervention issue, or was it simply an internal economic and energy-allocation decision by China?
Or maybe both?#USGDPUpdate #GOLD_UPDATE #BitcoinETFs #BinanceHODLerMorpho