Stop thinking about Bitcoin end. Those who say bitcoin will die out are nothing but idiots. Don't they see that bitcoin is getting legalized in all countries and people doing bitcoin transactions are increasing day by day. Maybe this year Bitcoin market condition is very bad but those who know well about crypto currency will never be disappointed. Because every time Bitcoin goes down, it gets up and gets stronger.
You're right. I've read that recently China is warming up to Bitcoin. It used to impose new bans since 2014 with first a ban for banks, then an exchange ban, then finally a mining ban, but now it's going to allow it to be exchanged and traded. If the news are true it's great for BTC.
Bitcoin lost some of it's price because of the USD pump, but so did gold and other stocks and assets priced in USD. It's really nothing unexpected.