China’s decision to ban Bitcoin mining is a monumental event in the crypto world. It’s far more significant than a country like Germany selling off some of its Bitcoin holdings. When you think about it, China’s ban shook the backbone of the Bitcoin ecosystem. Yet, fast forward a couple of years, and we see the approval of the Bitcoin spot ETF. This is not a coincidence, but a masterclass in maneuvering — a kind of high-level finesse. The powers that be are playing a long game, and we are all part of it.

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