This is was obvious and i actually was surprised that it took them a while to ban it, since bitcoin has been very popular among Chinese and the government had no control over it, but i think that with the increase of the use of crypto in the world they have decided to create their own crypto and ban bitcoin and cryptocurrency just to force people to use their own version, just like they did with many internet sites and devices .
It seems that what the Chinese government has done for the umpteenth time is that it has certain goals that all of them can analyze well. because we know that china is an expert in everything that is done to be able to make something similar to the original, we have to admit it.
what do you think that China wants to master crypto, with the aim of being able to make what is made according to its version can be used, is very true and I agree with that. there are always things that we need to pay attention to, every ban in China, then there is an intention behind it with the aim of leading there.
but they have done it several times and it can't be done well, because bitcoin enthusiasts in China themselves don't want to speculate that they have to obey what the government wants. because they know that bitcoin is worldwide and it is not easy to ban it by replacing it according to what they make, of course it is very speculative and will actually make miners there lose.