CryptoWhy China’s Ban Was The Best Thing For Bitcoin...

Why China’s Ban Was The Best Thing For Bitcoin In 2021

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When China’s bitcoin crackdown got here into impact, many speculated that the business would by no means recuperate. Amazingly, although, the ban served to focus on each the resilience of the sector and the entrepreneurial spirit of the miners who hold the wheels of the blockchain turning.

Despite the People’s Bank of China (PBOC) deeming crypto-related activities illegal in September, bitcoin loved a banner yr in 2021, smashing its earlier all-time value excessive (ATH) as institutional gamers joined the social gathering. Far from representing a dying knell, the much-hyped ban barely had an influence within the bigger scheme of issues.



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