This year Bitcoin took a serious hit to its hashrate, the measure of electricity going to secure the distributed network, when the Chinese Communist Party decided to ban cryptocurrency trading, mining and related activities. That had the immediate effect of cutting out about two-thirds of the machines making Bitcoin hum, but the network withstood the assault. Perhaps Chinese President Xi Jingping’s biggest influence on the crypto industry is showing how little sway a nation may have.
Most Influential 40: President Xi Jinping
