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While China publically denounces crypto, they are developing a state backed CBDC of their own. With it they will have complete authoritarian control of their currency. This is the time to recall why Bitcoin is so important to our sovereignty: Stateless, borderless, and decentralized. Bitcoin Headed For A Catastrophic Price Drop As China Reiterates Negative Stance On Crypto https://zycrypto.com/bitcoin-headed-for-a-catastrophic-price-drop-as-china-reiterates-negative-stance-on-crypto/
Looking at the velocity of the bounce at 30k — that’s likely our new floor.
Forwarded from BitcoinBreaking - Your source for CryptoNews
Galaxy Digital Claims Banks Use More Than Double The Energy of Bitcoin

Digital assets firm Galaxy Digital has published a report claiming that Bitcoin is more than twice as green as the international banking system. 

In brief

▪️Galaxy Digital has released a report comparing the energy consumption of Bitcoin and traditional finance.

▪️Though the results favor Bitcoin, some of the data points are far from conclusive.

By Scott Chipolina

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Crypto Liberate pinned «https://www.cryptoliberate.com/cypherpunks-and-the-invisible-war-for-freedom/»
One of the concerns with China is that there are too many miners for Bitcoin concentrated in China. Since China is autocratic, some believe this could lead to a 51% attack on the network. If some mining does move out of China, it positive for Bitcoin. China’s Largest Miner Plans to Move to North America Amid China’s Crackdown on Bitcoin Mining https://coingape.com/chinas-largest-miner-plans-move-north-america-amid-chinas-crackdown-bitcoin-mining/
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Who bought the dip?
Crypto Liberate pinned «CRYPTOCURRENCY: TRADING FIAT FOR FREEDOM https://www.cryptoliberate.com/868-2/»
Ray Dalio is going even deeper into the Bitcoin rabbit hole. ‘I’d rather Bitcoin over bonds’: Billionaire investor Ray Dalio https://cointelegraph.com/news/i-d-rather-bitcoin-over-bonds-billionaire-investor-ray-dalio