Chinese people are highly industrious people, very hardworking is an understatement.
Most Chinese citizen has bitcoin mining farm when the going was good, the largest number of such industry exists only in China.
Does China Control Bitcoin? China dominates bitcoin and can easily determine its fate and that is the major reason behind the spike in btc price whenever the Chinese president says anything about it unlike other world powers.
I disagree with china can determine the fate of bitcoin. There is a large user population outside of china. China has banned and unbanned bitcoin more than I can follow. Bitcoin kept plugging down the road, china can do what they want it wont affect the long term viability of bitcoin
Yes China use to do this, they most of time used to do this like they ban and unban China so many times but it used to happen with when people start using bitcoin more than fiat or their national currency so the government gets worried but I think in progress of bitcoin China use to play vital role if they keep using and people keep investing.