A recent article reported that China's outlawing of crypto transactions backfires: more Chinese are turning to underground projects and decentralized exchanges without the CCP's control. Do you see global implications for the crypto market?
This has been the case in 2017 if I'm not mistaken after a trading plan. And it's obvious that the Chinese will continue to trade underground as they try to fight out the government's total ban.
However, I'm not seeing implications for the crypto market, it will continue to thrive with or without the Chinese ban. Bitcoin is too big to fall right now, on the contrary we might see crypto booming in the next five years. Let the Chinese do what they think is good for them, bitcoin will survived and won't be affected in the long term.