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China’s Bitcoin “Ban” Creates A Massive Opportunity For The U.S.

The beneath is a direct excerpt of Marty’s Bent Issue #1084: “Who is going to seize the opportunity?” Sign up for the newsletter here.

The world is being introduced with a large alternative by the use of China as they appear adamant about truly banning Bitcoin exercise inside their borders. As Blake Masters factors out, if the US authorities was ahead considering, they would take the precise reverse strategy and welcome Bitcoin with open arms, maintain some in reserves, and encourage US residents to construct companies and create providers that enhance Bitcoin’s utility.

While I’m not holding my breath and anticipating the US authorities to do any of this, I’m very bullish on particular person Americans seizing the chance with out ready for permission. In reality, I can affirm that this is already occurring within the mining business the place entrepreneurs are transferring at a speedy tempo to deploy extra hashrate on American soil whereas getting the power business purchased in.

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