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.?
I would say no impact will be seen! The bitcoin market is now immune from Chinese legislation as the Chinese government has made it quite clear that they will stand against cryptocurrencies as it provides their citizens with financial freedom and an escape route from their strict regulations. So majority of the Chinese players are already out of the market. Few might continue to operate illegally but their numbers are very less.
So I see it as a net positive and in long run it will positively impact the market for sure.