Its not true we can still survive without china. Its true china is the place where the demand of crypto is higher than other country or i should say they're number 1 on it. But its not mean they're the owner of bitcoins. Bitcoin is free and nobody can control it. Well the price fall down when china banned it but the price is back to normal and even more higher than before
China is the nation which isn't permitting the bitcoins to be utilized as a part of their nation yet don't be stressed over the bitcoins in light of the fact that the clients of bitcoins are billions and it doesn't make a difference that China has restricted the bitcoins on the grounds that the billions of individuals in different nations are utilizing bitcoins and they are getting to be plainly tycoon yet the general population of China are unfortunate however soon they will likewise permit the bitcoins to be utilized by the general population of China and after that there economy will likewise be solid like different nations.
There was never a ban on Bitcoin in China, I thought we had been over this enough times that people didn't believe that there were only banning Bitcoin, or Bitcoin at all for that matter. It was ICOs, the big moneymaking scheme for those who want to spend only time on making a token or a coin, sell it for a relatively large profit, then move on to making the next one and start it all over again. I'm against ICOs almost as a whole since they rarely have a legitimately good new thing for the crypto community, so I feel indifferent to China's ICO ban.
It's also a wonderful means of money laundering.