China seems not to be in much favour of bitcoin. After ban of exchanges, most of the chinese people have lost their interest from bitcoin and crypto-currency.
It might be the cause of the sudden drop of prices in the market by more than 50% because china has the majority of the crypto market and if they will also lose the miners we can expect that the market will fall much more, so the next option for us right now is to find a new country that wiill support the market and I think that the first country who can make regulations on crypto and adapt it to their system will make the change which is supposed to be what we need right now and build trust in the market.