Everything China is doing now will be the best for Bitcoin and the general cryptocurrency even though it might hurt the space a bit but it will eventually pass and that influence will no longer be there.
It will be decreasing the domination that created by the chinese miners and the hashrate will be divided. that will be making the bitcoin free from the domination that created by the china. Everything needs process and it can be done in a night. The dump may happen as the impact from the china's ban but this is a very good thing if we are seeing on the long term perspective. The fact that china was always creating so many FUD since bitcoin being introduced in the market.
We will see what will be happening with it soon. I hope that more miners from US will come.