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The drama of Bitcoin mining in China is over. Why is Bitcoin a failure?

News Snapshot:

Bitcoin is still down. And I blame China for that. Last month, China banned bitcoin mining in some inland provinces and arrived here at that time. After touting Bitcoin and Dogecoin as the most productive after the dollar and the euro, Elon Musk said Bitcoin was bad for the environment and that he no longer accepted Bitcoin as a means of payment for his Teslas. Distribution of alternative corners. People blamed Musk. It was basically China’s fault. Still is. Can we continue now? It turns out that China has shot itself in the foot by going after its Bitcoin miners,…

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