I know most of you agree that China was behind the drop of price to $3500, then now its $10k..Did the Chinese gov just triple their money while we are watching as suckers?
The ban did little effects on bitcoin but it did not last that long, bounces back immediately then prepares to launch the rocket to fly, but the possible reality is that the Chinese gov't and some big miners/investor have their money tripled or in the other way is that they have no connection to bitcoin at all these present times as the ban still active in the China.
To be sure, the Chinese government will not sucker. They want to exclude bitcoin, because bitcoin is centralized. Cannot control
I think the biggest beneficiaries of this matter are the early miners.
It is decentralized not Centralized, bitcoin has No central authority unlike banking systems with the Government and greedy businessman behind it, the blockchain is one of the reasons why it is decentralized, benefits of this burst is not just about the early miners but the Bitcoin enthusiast and the supporters who continue to hold their coin.