Internet Shutdowns Cost $2.4 Bln A Year. How They Impact Bitcoin?
The loss due to internet shutdowns last year is estimated to be $2.4 bln. While internet access is taken for granted in today's connected world, various governments across the world have imposed internet shutdowns. Costly Government Intervention. According to research by The Center for Technology Innovation at Brookings, shutdown of the internet, primarily short-term, by governments have caused an estimated loss of $2.4 bln last year due to loss of economic activity alone. If the secondary impact such as loss of investors, consumer confidence, taxes, etc. of internet shutdowns is....
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