đ« You canât ban Bitcoin. You can only ban yourself from using it. When China cracked down on mining in 2021, the networkâs hashrate dropped to 185M TH/s. Now itâs at 745M TH/s.
Mining relocated to other countries, capital and technology found new markets, and the network became even more decentralized. The other countries that banned it are scrambling to legalize it.
Bitcoin wonât disappear. Excluding it from your economy just means excluding yourself from the future.