Bitcoin Mayhem: Will the Turmoil in Kazakhstan Precipitate a Repeat of the May 2021?

In May 2021, China enforced a massive crackdown on Bitcoin Mining in Xinjiang Uygur Autonomous Region, the Inner Mongolia Autonomous Region, and Qinghai province. All these locations were the hub of Bitcoin Mining with huge rigs mining Bitcoins. However, the environmental concerns and other political considerations provoked the Communist Government in China to come down heavily on crypto mining and then to the crypto sector.