Why China has declared war on Bitcoin

May 2021 was a dark day for cryptocurrency. In the wake of the unimaginable rise in digital assets, investors have experienced the largest virtual currency crash in its history. There were several reasons for this decline, but the main blow was caused by China, where about 70% of all mining farms are concentrated. The country's leadership introduced large-scale restrictions on cryptocurrency and evaporated $ 1 trillion from its global capitalization in a couple of days. Farms, which consume over 120 Terawatt-hours of electricity annually, have experienced a shock comparable to the atomic bombing of the financial sector. You’re on the Innovative Techs channel! Right now, we will tell you why China has declared war on cryptocurrency.

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[titisarah]

Investing with expert Nora has been the best step I have ever took in my life, may God bless that day I meet her

[jennykemp]

< I believe that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always.buffering Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Gabriel Alberto William has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 47 BTC lately.

[Healitnow]

I hate to ask a simple question buy why does crypto have to be mined. Printed currency is not mined first, why does crypto have to be, especially if it is causing damage to the environment? Find another way and stop the legitimate criticism.

[LKH]

They should just force the miners to use clean energy and could help to pay for like 30% of the cost that way it’s more affordable and their not causing more pollution and using up/wasting electricity that could be used in other places for homes and manufacturing factories

[frankbrislin]

Xi the Pooh was caught with his paw in the hunny pot. L😆L!! 🍯🍯🍯