There is nothing wrong in believing bitcoin to be a safe heaven and they are under an oppressive government and if they want financial freedom they will opt for a decentralized currency but the government already had plans to disrupt the market and so is the reason regulations were implemented for the exchanges operating from China but there was a shift in the tide as Japan and Korea embraced the market and had full support. Now China is not the focal point as there was a time when every news from China had an implication on the market  .