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China’s Bitcoin Ban Is Good News, Says Crypto Engineer

Published 06/23/2021, 06:42 AM
Updated 06/23/2021, 07:00 AM
© Reuters China’s Bitcoin Ban Is Good News, Says Crypto Engineer
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  • China’s bitcoin ban shows that crypto works, says crypto engineer Brandon Arvanaghi.
  • Arvanaghi is a former Gemini crypto exchange security engineer.
  • Also, Arvanaghi predicts miners will move from China to the USA.

China’s ban means Bitcoin is working, says crypto engineer Brandon Arvanaghi. He said this despite the current China-fueled crypto market crash.

To clarify, China has recently ramped up crackdowns on crypto operations in the country. As regulatory measures tighten in the Asian nation, there has been a marked decrease in crypto prices. In turn, his has led many to believe that China is having a bearish effect on the market. However, the Bitcoin mining engineer says China’s crypto ban is good news.

Arvanaghi is a former security engineer at the Gemini crypto exchange. As an industry expert, he compared China’s crypto ban to its ...

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