However, on the subject of miners, entrepreneurs, and crypto traders leaving China, Wu noted that there was a group of people who might stay in crypto, even in China. He said,
“…(in a) very short time, the China retail investors will disappear…they will all retreat from crypto and only those high net-worth Chinese families will stay in crypto.”
I don't get it! How can Jihan include "miners" in that sentence while miners are no longer allowed to continue their operations? Am I missing something?
- The way that sentence was constructed, makes me think there's still a legal way to mine in China!
Another thing that caught my attention in that article, was about them
[Bitmain] moving out
[possibly to Indonesia and Malaysia]!
- AFAIK, there wasn't any ban against the manufacturers, as long as they'd refrain from accepting BTCitcoin and other cryptocurrency payments, so this is just a precaution [a costly one].