{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Will+cracking+down+on+Bitcoin+only+make+it+stronger%3F&text=As+governments+like+China+aim+to+ban+Bitcoin%2C+the+cryptocurrency+seems+to+generate+more+intrigue+and+greater+adoption.&text=%3Cdiv+id%3D%22mntl-sc-page_1-0%22+class%3D%22comp+article-body-content+mntl-sc-page+mntl-block%22+data-sc-sticky-offset%3D%2280%22+data-sc-ad-label-height%3D%220%22+data-sc-ad-track-spacing%3D%2290%22+data-sc-min-track-height%3D%22250%22+data-sc-max-track-height%3D%22600%22+data-sc-breakpoint%3D%2240em%22+data-sc-load-immediate%3D%222%22+data-sc-content-positions%3D%22%5B300%2C+1%2C+1%2C+1250%2C+1%2C+1%5D%22+data-bind-scroll-on-start%3D%22true%22%3E%0A%3Cdiv+id%3D%22mntl-sc-page_1-0%22+class%3D%22comp+article-body-content+mntl-sc-page+mntl-block%22+data-sc-sticky-offset%3D%2280%22+data-sc-ad-label-height%3D%220%22+data-sc-ad-track-spacing%3D%2290%22+data-sc-min-track-height%3D%22250%22+data-sc-max-track-height%3D%22600%22+data-sc-breakpoint%3D%2240em%22+data-sc-load-immediate%3D%222%22+data-sc-content-positions%3D%22%5B300%2C+1%2C+1%2C+1250%2C+1%2C+1%5D%22+data-bind-scroll-on-start%3D%22true%22%3E%0A%0ABitcoin+is+only+getting+stronger+with+government+crackdowns%2C+according+to+Edward+Snowden.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AThe+former+agent+for+the+United+States+Intelligence+Agency+and+famed+government+whistleblower+took+to+Twitter+last+year+when+Bitcoin+suffered+a+major+decline+surrounding+uncertainty+around+the+pandemic.+Now%2C+he%27s+referenced+his+timed+comment+noting+that+despite+attempts+by+the+government+to+undermine+Bitcoin%2C+it+is+only+becoming+stronger.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3ESometimes+I+think+back+to+this+and+wonder+how+many+people+bought+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2FBitcoin%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23Bitcoin%3C%2Fa%3E+then.%3C%2Fp%3E%0AIt%27s+up+%7E10x+since%2C+despite+a+coordinated+global+campaign+by+governments+to+undermine+public+understanding+of%E2%80%94and+support+for%E2%80%94cryptocurrency.%0A%0AChina+even+banned+it%2C+but+it+just+made+Bitcoin+stronger.+%3Ca+href%3D%22https%3A%2F%2Ft.co%2FpbnOFGfaVf%22%3Ehttps%3A%2F%2Ft.co%2FpbnOFGfaVf%3C%2Fa%3E%0A%0A%E2%80%94+Edward+Snowden+%28%40Snowden%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FSnowden%2Fstatus%2F1444794906967486469%3Fref_src%3Dtwsrc%255Etfw%22%3EOctober+3%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%0AIn+March+2020%2C+Bitcoin+fell+to+trade+just+below+%243%2C900+USD+-+a+price+tag+nearly+50%25+of+what+it+had+been.+At+the+time%2C+Snowden+remarked+that+this+was+the+first+time+he+had+%22%3Cem%3Efelt+like+buying+Bitcoin.%3C%2Fem%3E%22+Over+the+course+of+the+year%2C+Bitcoin+gained+consistently%2C+rallying+in+the+next+year+to+tag+an+all-time+high+over+300%25+more+than+its+previous+recorded+high+price.+With+a+recorded+high+of+%2464%2C804+USD%2C+Bitcoin+and+the+cryptocurrency+market+overall+defied+critics%2C+taking+the+bulls+and+maintaining+strong+support+above+%2429%2C000+USD+-+a+price+still+higher+than+its+previous+recorded+high.%0A%0A+%0A%0A%3Cimg+class%3D%22aligncenter+size-full+wp-image-1832%22+src%3D%22https%3A%2F%2Fwww.icodata.io%2Fwp-content%2Fuploads%2Fchart.jpeg%22+alt%3D%22%22+width%3D%221200%22+height%3D%221200%22+%2F%3E%0A%0A%3Cem%3ESource%3A+Coingecko%3C%2Fem%3E%0A%0A+%0A%3Ch2%3EBitcoin%27s+strength+despite+crackdown%3C%2Fh2%3E%0ASnowden%27s+comments+point+to+Bitcoin%27s+ability+to+thrive+despite+anti-cryptocurrency+regulations.+As+he+noted%2C+China%27s+ban+on+trading+activity+and+Bitcoin-related+organisation%27s+hasn%27t+had+a+knock+on+the+price+-+instead%2C+the+token+has+rallied.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%3Cp+class%3D%22Text__text___3eVx1j+Text__dark-grey___AS2I_p+Text__regular___Bh17t-+Text__large___1i0u1F+Body__base___25kqPt+Body__large_body___3g04wK+ArticleBody__element___3UrnEs%22+data-testid%3D%22paragraph-27%22%3EChina%27s+main+crackdown+nailed+Bitcoin+mining+activity+and+analysts+and+experts+believe+that+Bitcoin+will+increase+popularity+if+governments+attempt+to+lock+down+the+digital+currency.+As+Craig+Erlam%2C+an+analyst+at+currency+broker+OANDA+noted%3A+%22%3Cem%3EChina%27s+actions+haven%27t+held+back+crypto%27s+rise+too+much+in+the+past.%3C%2Fem%3E%22+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fp%3E%0A%0A%3Cdiv+class%3D%22SpacingContainer__container___2kvuUN+SpacingContainer__max-width___1aBoiA%22%3E%0A%3Cdiv+class%3D%22AdSlot__container___vv9J1U%22%3E%0A%3Cdiv+class%3D%22AdSlot__inner___1TrdcP%22%3E%0A%3Cdiv+class%3D%22AdSlot__slot___1GI9_W%22%3EErlam%27s+sentiments+were+echoed+by+CoinShares+head+of+research+Christopher+Bendiksen+who+pointed+out+that+Chinese+miners+will+be+losing+out+on+Bitcoin+mining+revenue+if+they+don%27t+relocate+to+continue+in+the+industry%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fdiv%3E%0A%3Cdiv%3E%0A%3Cp+class%3D%22Text__text___3eVx1j+Text__dark-grey___AS2I_p+Text__regular___Bh17t-+Text__large___1i0u1F+Body__base___25kqPt+Body__large_body___3g04wK+ArticleBody__element___3UrnEs%22+data-testid%3D%22paragraph-29%22%3E%22%3Cem%3EThe+losers+in+all+of+this+are+plainly+the+Chinese.+They+will+now+lose+around+%246+billion+worth+of+annual+mining+revenue%2C+all+of+which+will+flow+to+the+remaining+global+mining+regions.%3C%2Fem%3E%22%3C%2Fp%3E%0A%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3Ch2%3EBitcoin+and+digital+asset%C2%A0+adoption+in+contrast+to+China+crackdown%3C%2Fh2%3E%0AAs+China+continues+to+hold+a+strong+stance+on+the+cryptocurrency%2C+other+nations+are+looking+at+ways+to+implement+the+digital+currency+into+their+economies.+El+Salvador+has+led+the+way+in+Bitcoin+adoption%2C+lawfully+listing+the+token+as+legal+tender+in+the+country.+Other+countries+like+Ukraine+have+been+testing+the+notion+of+implementing+Bitcoin+into+the+financial+ecosystem.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AMeanwhile+Central+Bank+Digital+Currencies+%28CBDCs%29+are+on+the+rise+with+five+countries+having+officially+launched+their+own+CBDCs%3A%0A%3Cul%3E%0A+%09%3Cli%3ESt.+Kitts+and+Nevis%2C%3C%2Fli%3E%0A+%09%3Cli%3EAntigua+and+Barbuda%2C%3C%2Fli%3E%0A+%09%3Cli%3ESt.+Lucia%2C%3C%2Fli%3E%0A+%09%3Cli%3EGrenada%2C+and%3C%2Fli%3E%0A+%09%3Cli%3EThe+Bahamas.%3C%2Fli%3E%0A%3C%2Ful%3E%0AWhile+all+five+reside+in+the+Caribbean%2C+we%27re+seeing+a+rising+trend+in+countries+across+the+globe+testing+their+own+central+bank+digital+currencies+with+nations+like+Sweden%2C+South+Africa%2C+France%2C+and+the+United+Kingdom+researching+and+piloting+their+own+CBDCs.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0ACentral+bank+digital+currencies+might+not+boast+the+same+characteristics+as+Bitcoin%2C+like+decentralisation%2C+but+the+adoption+of+digital+assets+ultimately+opens+the+industry+up+to+introduce+more+people+to+the+concept+of+blockchain-based+finance.+As+more+people+start+to+understand+the+advantages+that+digital+currencies%2C+we%27ll+likely+see+more+people+make+a+move+towards+Bitcoin+and+blockchain+in+general.%0A%0A%3C%2Fdiv%3E%0A%3Cdiv+id%3D%22textnote_3-0%22+class%3D%22comp+textnote+mntl-gpt-adunit+gpt+native+%22%3E%0A%3Cdiv+id%3D%22textnote%22+class%3D%22wrapper%22%3E%0A%3Cdiv+id%3D%22google_ads_iframe_%2F479%2Finvestopedia%2Finv_cryptocurrency%2Ftextnote_0__container__%22%3E%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3Cdiv+id%3D%22textnote_3-0%22+class%3D%22comp+textnote+mntl-gpt-adunit+gpt+native+%22%3E%0A%3Cdiv+id%3D%22textnote%22+class%3D%22wrapper%22%3E%0A%3Cdiv+id%3D%22google_ads_iframe_%2F479%2Finvestopedia%2Finv_cryptocurrency%2Ftextnote_0__container__%22%3E%3C%2Fdiv%3E%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E","timeout":15}