No because price is 4000 again and it is just begin
A bit NO is also here. No doubt that currently 80% revenue of bitcoin is depended on china business but it will not be in future as because bitcoin is going very popular in other countries like India, Australia, Malaysia, Indonesia, Afghanistan, Pakistan, Dubai, UAE etc. I think bitcoin is going to be declared very soon being a global currency. In future counties will need bitcoin nor bitcoin will need counties/
The figure is definitely not 80%. It may be somewhere between 10% and 20%, if you exclude Hong Kong and Macau. But I can admit that China provides close to 70% of the Bitcoin hash rate. And don't think that Bitcoin is going to get vary popular in countries such as Afghanistan in the near future. I can't imagine such a scenario anytime in the next 100 years.