China will likely ban all Bitcoin mining soon

It is nothing to do with the environment, and everything to do with ensuring and retaining control of their money through their central bank digital currency.

With that much computing power taken out of the network, how does this affect the network’s ability to even make a quorum?

A crackdown on miners in China would radically reduce the carbon footprint of Bitcoin mining, increase the profitability of all the remaining #Bitcoin miners, reduce nagging China FUD, support progress toward our ESG goals, & drive up the value of $BTC. We should be so lucky...

https://twitter.com/michael_saylor/status/139579494229595341...

Wouldn't it reduce its credibility as a currency or value store if it slowly gets regulated out of relevance?