When they first banned bitcoin exchanges the price of bitcoin went from $5000 to almost $3000 so i think that is very bad yes but now bitcoin is going up again and i think that there will be a big update and bitcoin will get another big boost.
Now its already spreading very quickly just because of this demand is rising and its effecting market too much even China ban give some shock but most of peoples believe its temporary because its going to end after Congress meeting which is going to held but still if they are not going to lift ban its not effecting too much in near future as many countries giving soft term policies