Can Bitcoin Thrive Without China?

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Can Bitcoin thrive without China? 

Bitcoin started the month of September trading at an all-time high of $4,950. By implementing Segregated Witness, or SegWit, Bitcoin allowed more transactions to take place and signaled confidence that Bitcoin would scale. On September 4, the Chinese central bank banned trading in initial coin offerings (ICOs), leading to rumors that China was considering banning Bitcoin trading altogether. Those rumors were confirmed on September 14, and Bitcoin exchanges operating in China were told to cease trading for now. This article explores what happened next, and what the future of Bitcoin is without its largest mining pools...