Even though lots of bans from chinese government, chinese people are really crazy about whole crypto world and what can be best way to fly out of country with their money other than bitcoin and same applies to both small and big investors. Chinese people want to invest in foreign countries and bitcoin is best to way move their yuan to dollar for extreme profit after few months. I am afraid of this guy dumping his whole bitcoin if price will go over $30k or near it. He might not care about the future value as he is just an investor who believes in profit taking.
Read the article again, you obviously missed this:
When asked about the market crash in March, he dismissed it as no big deal. He called it a short-term setback and in fact, said Cryptocurrencies rose very well in the long term
So instead of being afraid, we should consolidate on our early bird advantage as early adopters because the whales and institutional investors are coming and would be regrettable for those of us who out of FUD and impatience sold off their coins for peanuts.