Posted on 05/31/2021 6:48:10 AM PDT by Browns Ultra Fan
Read post 8.
China has long been the world’s epicentre of bitcoin mining, an energy-guzzling process to secure the cryptocurrency network and mint new bitcoins via specialised machines known as “mining rigs”. According to the University of Cambridge's Centre for Alternative Finance, over 65 per cent of miners working on the bitcoin blockchain were based in China as of April 2021. But Chinese miners are now on tenterhooks following a top government official’s announcement, in a speech on May 21, that Beijing would start to “crack down on bitcoin mining and trading behaviour”.
The dollar will collapse because it is part of the financial control wielded by the Deep State. So will "fiat" cryptos like BTC.
Best thing to hold currently for safekeeping wealth, IMHO, are physical assets:
Physical precious metals (gold, silver, platinum, etc)
A crypto that is tied to precious metals (I don't own any, but grapevine touts XRP (gold), XFLARE (platinium), Algorand, XLM (silver), IOTA (Iridium).
Land, home, boat, airplane
They can’t control it.
If they could have shut it down, then they would have already.
The only way to shutdown Bitcoin is to shutdown the Internet.
That’s not happening.
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