Gregory Raymond: Government bans fail to stop Bitcoin’s global network

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Bitcoin mining resists government crackdowns

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Jose Antonio Gastelum

2 hours ago

Gregory Raymond: Government bans fail to stop Bitcoin’s global network — Bitcoin mining resists government crackdowns

Gregory Raymond, crypto journalist & commentator at Les Cryptos, analyzes the resilience of Bitcoin mining despite government crackdowns.

He points to China’s ban on mining in 2021, which caused global hashrate to sharply decline overnight. However, within months, mining operations simply migrated to countries like the U.S. and Kazakhstan, allowing Bitcoin's network to recover.

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Raymond has previously assessed regulatory risks in the crypto sector, identifying them as the main concern for trading platform Hyperliquid. He has also covered the expansion of crypto data firm KaikoData following its acquisition of Amberdataio. His recent analyses continue to track industry adaptations to shifting regulatory and operational environments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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