Chinese Bitcoin miners are estimated to account for approximately 65% of the network hashrate.
Hypothetically speaking, how would the bitcoin market react to an event the completely and suddenly cut China out of the bitcoin mining market?
Ignoring the likelihood of such an event for the sake of argument, am I mistaken in believing investor faith would be shaken to such a degree that the value of Bitcoin could crash to extreme depths? Even making recovery very very long or even impossible?
What could be done to mitigate the risk of such a concentration of mining power in China now? And, what could be done "after the fact" to protect Bitcoin value and support recovery?
Or is this nothing to be concerned about? There seem to be a lot of dynamics which would make such a scenario complex to analyze.
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