From China to the West, the Great Bitcoin Mining Exodus Has Started. And That’s Bullish for Bitcoin.

America will be the big winner in this ban by China.

Illustration by Sylvain Saurel

Announced several weeks ago, the ban on Bitcoin mining in China has really materialized since the beginning of June 2021. Chinese miners are forced to shut down their equipment or face sanctions by the Chinese authorities.

For many Bitcoin opponents, this is the long-awaited signal that Bitcoin will soon be dead.

These oppone…