“China is rolling its own cryptocurrency and has every incentive to have as little competition as possible. I think we will see miners leaving China and relocate where there is spare or cheap energy.”
–
Cryptohopper CEO Ruud Feltkamp, on how the
Digital Yuan—not green energy targets—is driving China’s crackdown on bitcoin mining, which is prompting operations to relocate to
Kazakhstan and Texas, and other more hospitable regions
