Isn't the people of China not allowed to have a cryptocurrency because it is banned and only the government can have bitcoin? I am pretty sure that it won't affect it that much but we maybe it will affect it a little but who knows.
It is true that 4 years ago China issued a ban on electronic money. Electronic money trading floors closed. But Bitcoin recently returned to this country. The Chinese People's Bank (PBOC) suddenly calls Bitcoin as "replacement investment solution". Governments are realizing it is a feasible asset, but still developing and needing appropriate adjustments. The fact that China regulates electronic money will be a big push for the Chinese and global industry. I believe that Bitcoin rose.