The future of bitcoin remains in its glory, it's okay for the Chinese government to ban bitcoin transactions from happening in his country, but this attitude is not necessarily the same as his people's attitude, I feel sure there are Chinese people playing here with bitcoin mining.

Currently the eyes of chinese officials are being closed to the royal throne as the rulers of the market, one day their eyes will be wide-eyed as bitcoin transactions flourish in his country, after which they will probably lift their ban.