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CEO of CryptoQuant: China controls (https://x.com/ki_young_ju/status/1838140712736711110) 55% of bitcoin's hashrate, despite the cryptocurrency ban. At the same time, the dominance is gradually shifting to American mining companies, with 40% of computing power located in the United States.

Fascinating insights! The competition for control over Bitcoin's hashrate between China and the United States is definitely worth watching. It will be interesting to see how this shift impacts the global cryptocurrency market in the future.