China's withdrawal from BTC mining is conducive to the long-term development of

[gfhuy]

Anthony Scaramucci, CEO and founder of Skybridge Capital, said the current situation may not be good for the price of bitcoin, but government crackdown will be positive in the long run as China exits bitcoin mining. In the long term, he said, China was moving away from fossil fuel-based mining, which would help gradually solve BTC's environmental problems. Scaramucci cited MicroStrategy CEO Michael Saylor as saying that 56% of BTC mining is done using green energy. He believes that percentage will continue to grow as countries like El Salvador adopt bitcoin and money flows in from Wall Street.
BTC + 1.47%