as I guess and people estimated, about 40% of minned bitcoin is now in the hand of China,
they have lots of farms that mine bitcoin, setted it northside to reduce cooling invest.
I think that situation they control market could happen if goverment calling for private investors come in.
yeah and even more scary for us that recently eastern countries (including China) were kicking western blockchain companies out.
By kicking out I mean closing offices and etc. So that brings us to a conclusion - China wants to separate market or wants to control it completely (imo ofc)