I am bullish on the future of Bitcoin as a technology.
We all know that China has a total ban on cryptocurrencies, including but not limited to no mining, no circulation, no trading, no banking services, no listing on exchanges.
What do you think countries have to lose by making this choice?
I don't know what the Chinese state will lose if they decide to get out of bitcoin but I don't think they have anything to lose because they must have had a lot of bitcoins stored in one place. And maybe the total ban is only temporary and to give negative news to the world so that it can hit the bitcoin price and they can take advantage of it.
Meanwhile, we don't even know what China's strategy is in this regard so we all think there is a loss to China. And their leader must have thought it through well so it could continue as usual.