Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?
The characteristics of chinese people is very different among others. They are good in businesses strategies especially in thier fields of technology they are very observants and can easily adopt the idea. One of the reason why china until now is very progressive country because they adopt the imitation processes.like what they did in cryptocurrency flatforms they block all transaction of bitcoin coming to thier country because they want to make thier own coins.