Can Bitcoin survive the launch of China’s state backed digital currency? Many people believe China has control of Bitcoin due to the concentration of mining pools and large Chinese whales. Is Bitcoin at risk, if their government wages war against public cryptos? Will Chinese mining pools be ordered to take down the network? Well here is the thing: a single whale, group of whales, or the miners don’t control BTC, the consensus stakeholders do & they are very distributed!

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    ⏰ Time Stamps ⏰
    00:08 Intro
    00:35 Tyler Analysis of Bitcoin Price-Support
    01:33 Tyler Analysis of Bitcoins Price-Resistance
    02:43 Why Tyler Analysis Is Better Than TA-Coindesk Article
    03:18 China, Bitcoin and Crypto Is About To Heat Up-CZ Binance Messed Up. BIG TIME!
    04:00 You Can Own Bitcoin In China
    04:22 How Do Chinese Get Crypto? Mining
    04:43 How Do Chinese Sell Them? OTC and P2P Trading. CZ’s Mistake
    05:41 Alipay and WeChat Are Strong Arming Crypto Traders
    06:19 China Getting Ready to Launch Their Own Digital Currency
    07:02 Can China Cripple The Bitcoin Network? Mining Pools Dominated by the Chinese
    07:44 Pool Operators Do Not Control Miners
    08:28 The Stratum V2 Mining Protocol Upgrade
    09:09 Consensus Stakeholders Control Bitcoin
    09:45 Outro

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    The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

    This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research!

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