So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.
Although crypto has experienced and has so many higher scams, being critiqued by many people, limited by the regulations, and much more FUD spreading, this will never stop the existence of crypto. The Crypto industry has been experiencing these all for longer time ago, but in fact, crypto still survives right now. However, it is also developing more than we expect. That is why I really doubt that crypto will end only because of those FUDs and negativity.
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.
China is always changing, even we may find some negative news from China, then we wil met the psitive issues again. ANd I think that this will be continuing. BTw, we also know that China 's problems with crypto have been hapening previously and this also always gives infleunce tot he cryptomarket. But, they cannot still stop the crypto industry.