China’s Bitcoin Ban Geopolitical Event

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



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