China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.
20% of what market?
Trading, mining, day to day usage?
If it's trading, I don't give a damn about it.
We all know how the chinese fake volume, how they did it and how they still do. So that 20% might be in reality 2%.
Mining? We can survive with a single avalon miner doing it's job. More than 5% of the blockchain was mined with a single cpu.
Day to day usage? I haven't yet read something about that from China.
Not a single piece of news about a market chain or a restaurant adopting bitcoin payments.
I might be wrong but I doubt there is day to day usage there as there is in Us or Eu.
The Chinese government, which is all about centralization, is flexing it's muscles right now. The elections are coming up soon. When the president is re-elected, I expect the mood will change.
Elections?
China?