Santo Mining Corp (SANP)

[SteveWin]

@rbtree "gloomy" - China Crypto Crackdown means several things:

1) with 80% of current mining operations in China being told to shut down, there will be a temporary tightening of crypto supply because less new coin will be mined. Tightening supply usually raises market price - Bitcoin should rise substantially.

Eventually, the equipment now in China will be relocated out of there. Some hardware will be sold off, some Chinese owners will pack up their hardware and set up in New locations. Leading to ...

2) the ONLY reason SANP has a pulse this month, is BECAUSE a Chinese mining operator saw the crackdown coming, and found an overseas partner in SANP. The China Crackdown provides an OPPORTUNITY for U.S. entrepreneurs to fill the void China is creating.

Bottom line, it's gloomy news for mining operators IN CHINA, it's AMAZING NEWS for anyone in crypto outside China.