We don't like the news but it's already here.
China is a big part of crypto, so losing investors in China is really a big thing.
Bitcoin might struggle but it will continue to survive until it will recover and create a bull run again.
The restriction in China is not permanent, who knows they'll change their stance in the future.
Let's hope for that.
The restrictions will be permanent for sure. It's a normal thing. Bitcoin mining consume a lot of energy...and more, China wants to put a break to the money laundering which is happening due to Bitcoin.