Why China’s Latest Bitcoin Mining Clampdowns Are a Gamble

Do we raise, call or fold?

Jason Deane
May 26 · 12 min read
Image: Licensed Adobe Stock by Vitoria Holdings LLC

So, this time it seems that China really has banned Bitcoin.

Or at least that’s the conclusion the media has come to.

But is this accurate? And what does it mean for the long term future of Bitcoin? Actually, what does it mean for the short term future of Bitcoin? Does…