Could China take over the Bitcoin (BTC) ecosystem? It’s a very real possibility, and it could happen very quickly because China controls more than half of the world’s Bitcoin mining operations — upward of 65% of the computing power to mine Bitcoin. No other country is anywhere near that number. Additionally, according to Genesis Mining’s recent “The State of Crypto Mining 2020” report, 60% of Bitcoin owners have a real concern about that Chinese majority and what it could mean for the stabilization of the cryptocurrency. And they should be worried. China owning more than half of mining operations could result in a ... (full story)