That is a big possibility that a government like China will introduce a bitcoin of they’re own and be supported by the people on that country that is a given reality. Is it good to bitcoin? Yes, then it will be the end of China interfering on bitcoin investments. That is better and I don’t see any bad consequences to it on bitcoin price.

Most likely, 10 % will still or assuming will invest or transact with bitcoin. They can’t control 1.3 billion people(if this is correct) that has different mindset and with the technology usage that can either hide one’s personal identity, the position of the government will always be on those who follow them and punish those weren’t.