A few days ago China just announced that their government banned all ICO activities, and instantly the bitcoin price went down. how do you think about this?
Sounds pretty good to me. Most ICO's are scams and not a good use of time, so this could be a good thing for Bitcoin itself and the economy of China as a whole. I think they are on to something because they are, after all, the main exporter for the rest of the world, including USA, so I'm sure they know a thing or two about the state of the economy.
IMO it seems like a ploy to drive the price down, scare off some people and ultimately obtain more Bitcoins.