He said: “Interestingly, updated figures on Cambridge’s Bitcoin mining map have shown that despite China’s ban in 2021, Chinese miners are still producing 21 percent of Bitcoin’s hashrate.
“Banning the industry is proving difficult even for one of the world’s most authoritarian governments.
“It is clear that demand is still high and this is not an industry that is going anywhere, any time soon.”
The market is lightly to see further recovery in the future as Terra Luna operators relaunch the currency.
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