How China Banning Bitcoin Mining Can Positively Affect BTC Price

A bitcoin mining ban in China will more like drive the asset’s price higher, according to Mati Greenspan.
The UK-based financial analyst said the Chinese were mining bitcoins at a much cheaper rate than the rest of the world. It prompted more prominent mining corporations to set up their base in the Chinese regions. As a result, the country at one point hosted more than 50-percent of all the bitcoin mining pools. It also enjoyed a monopoly in manufacturing bitcoin mining equipment. Such st