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How China Ban Improved Bitcoin In 2021

How China Ban Improved Bitcoin In 2021
Written by publisher team

When the Chinese Bitcoin crackdown took effect, many speculated that the industry would never recover. Amazingly, however, the ban highlights both the sector’s resilience and the entrepreneurship of the miners who keep the blockchain wheel spinning.

Although the People’s Bank of China (PBOC) deemed crypto-related activities illegal in September, bitcoin enjoyed a remarkable year in 2021, breaking its previous all-time high (ATH) as institutional players joined the party. Far from representing the death knell, the famous ban hardly had an effect on the larger scheme of things.

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