China’s crackdown means Bitcoin is working, says crypto miner

Cointelegraph

Published Jun 22, 2021 05:39AM ET

Updated Jun 22, 2021 07:20AM ET

China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.”

Brandon Arvanaghi, a former security engineer at crypto exchange Gemini, compared China’s harsh stance against Bitcoin with the country’s ban on Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL).

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