Bitcoin just started dropping abruptly. Might be because of this: https://www.bloomberg.com/news/arti...t-intraday-drop-since-feb?srnd=premium-europe Bloomberg even mentions Dogecoin, which gives it even more spotlight. I believe even more will buy it now. The price went back up after the correction, as Bitcoin dropped.
Apparently it wasn’t event the majority of xinjian just some regional areas surrounding... kinda crazy you need to mine silver to be able to mine Bitcoin!
China doesn't like Bitcoin and they might as well shut the entire thing down. This is why I always say, it's not a real currency, it's a terrible store of value. It consumes a lot of energy and if the coins get lost, they're lost forever. What's even worse is that it impacts the entire market, because the coins are irreplaceable (there is no inflation). Gradually, more and more coins will get lost.
After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone https://www.cnbc.com/2021/04/19/chi...stment-alternative-marking-shift-in-tone.html Deary me, TH. One day you'll do a bit of research I'm sure.
^ Perhaps they stacked a bunch of them already. Or Satoshi Nakamoto is just the Japanese pseudonym of a Chinese genius?