I think it is very possible, but not probable. Holding a lot of hash rate does give China an edge and it provides income to its people. If they banned it, bitcoin will suffer short-term because not enough miners to clear the transactions but others will pick it up quickly. In the long run, I see no real effect.
I think it is very possible, but not probable. Holding a lot of hash rate does give China an edge and it provides income to its people. If they banned it, bitcoin will suffer short-term because not enough miners to clear the transactions but others will pick it up quickly. In the long run, I see no real effect.