Is China on the verge of bitcoin?


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China’s crackdown on bitcoin mining before this year preceded one of the maximum devastating value drops in cryptocurrency history. From an all-time high of more than $64,000, BTC has fallen to less than $30,000 in a matter of weeks, and some industry figures predict a “crypto winter” from which it would take years to recover. A large mining migration to the United States, combined with other positive news such as El Salvador’s Bitcoin law, has nevertheless triggered a record recovery, and now the hypothesis that China would possibly oppose its resolution has led experts to update their forecasts. if a...