the headlines were that china will be cracking down and the miners were starting to look for places to move to. but as of today, most of the chinese miners are still in China and the CCP hasn't cracked down on anyone. i guess that could eventually happen at some point, but so far, it's just headlines. same as 2018.
https://chainbulletin.com/bitcoin-mining-map/
edit: just to be clear, i don't even think the CCP, even with >50%, is the biggest threat to BTC. probably unbacked stablecoins a bigger threat. nothing that can make you rich is riskless.
the headlines were that china will be cracking down and the miners were starting to look for places to move to. but as of today, most of the chinese miners are still in China and the CCP hasn't cracked down on anyone. i guess that could eventually happen at some point, but so far, it's just headlines. same as 2018.