Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.
But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?
The only ill-effect I've seen from the series of china-ban-bitcoin/crypto news is only in the short term. It usually doesn't take time before the market recovers. Also judging from the timelines, there hasn't been a long term effect recorded yet. China might be one of the most influential countries but crypto has since moved past one country's influence. It's a global movement!