China’s Bitcoin Ban Geopolitical Event

The political and financial solar has been rising within the East over the previous century with China taking part in an more and more necessary position in world geopolitics. Despite this development, I’ve lengthy been skeptical of China’s centralized and autocratic governance construction, and 2021 may very well be a monumental 12 months, exposing the frailties of extreme management. If Bitcoin proves to be as necessary a know-how as I feel it’s, then the CCP’s choice to ban bitcoin mining might show to be the most important geopolitical fake pas of the subsequent decade. In abstract, whereas decentralized Bitcoin has displayed its resilience to regulation, bans and decreased the chance of a 51% assault, centralized China could have handed a essential know-how of the longer term to its friends.

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