Yeah, I agree with you. But it is sad to know that the Chinese government is not longer support bitcoin. AS you can see, they ban permanently bitcoin exchanges which are on their country and cause of that reason, the price of bitcoin fall hardly. China is the biggest country in this field and many big investors are living there. It is not very good that CHinese government decides to against bitcoin
I wouldn't say that they really decide against Bitcoin.
China is just trying to get Bitcoin regulated, which won't work in my opinion.
Btw: Chinese ICOs are "just" banned temporary as you can read here (
https://cointelegraph.com/news/china-ban-on-ico-is-temporary-licensing-to-be-introduced-official)