In 2021 the Chinese Communist Party attempted to ban bitcoin mining within their borders. Before this predictable event happened many in and out of the bitcoin world expressed concern about mining being so centralized in China. This is a very reasonable concern. I remember being very curious what would happened next. Well, as we all know know bitcoin didn't miss a beat. No downtime. Bitcoin worked as designed. This outcome didn't surprise me but it did making me even more bullish on bitcoin's ability to weather the coming storms.
So far each time a nation state attempts to ban or subvert bitcoin they show their impotence. At some point the smart scumbags in positions of power will get the memo and realize this. At that point I think they will attempt to join the rest of us. Not out of ideological motives but out of self preservation. Bitcoin is a force of nature. I'm super bullish.
In case you missed it here is Why I'm Bullish 2.