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Bitcoin's Resilience Amidst Regulatory Shifts
This chapter examines the impact of China's mining ban on the Bitcoin network, emphasizing the network's resilience despite the abrupt removal of operations. The discussion covers misconceptions about Bitcoin's energy use, the emotional dynamics of trading, and the evolving regulatory landscape influenced by figures like Gary Gensler. Additionally, it highlights the behavior of long-term investors and the opportunities presented by Bitcoin's inherent volatility.