You will probably hate on me for this theory.
Why did China come out supporting Bitcoin?
Simple.
They learned they can actually control it.
The recent "blackout" in mining province was a test on how much they can pull off.
With success they caused 40% drop in hashrate and drop in price.
So they might have even bought some at this point.
1) They own some
2) They know they can control it
China's support is actually a really bad sign.
Why am I wrong?
Let's see CIA-NSA create bitcoin, and name it after a japanese guy ( 99% of chinese hate japanese, study "rape of nanjing" )
+66% of all btc-mining on earth takes place in China, +90% of all BTC hw on earth is made in china, which means all back-doors to mining is under china control, 51% means that China run's BTC
The problem for BTC community, I call that the geek day-traders ran by COINBASE ( aka IRS USA-Treasury ), is that they're fed a pile of bile 24/7
IMF announced BTC in the 1997 paper, satoshi paper in 2009, doesn't even mention the IMF paper, as satoshis paper was 90% cut&paste of the IMF paper.
Rockefeller created MAO modern China, reset is to flip economic power from west to east, then rinse & repeat. This is how old money keeps the trust funds runnng for generations.