One thing I know about the Chinese government is that they are stubborn and I don't think the ban on crypto will be lifted anytime soon although people do own Bitcoin one way or the other still in china just that it's not incorporated in the financial system that can enable benefits from it and I guess it's because of the decentralization aspect in which the government can fully control and also maybe reduction in investment on their local companies because I know for sure that most giant companies over wouldn't flinch in order to invest on Bitcoin.
Yes they are quite stubborn about crypto, but if bitcoin and crypto become popular and the whole world adopts it. Whether they like it or not, they still have to integrate if they do not want to be backward and isolated from the world. They have the right to reject or not need it when it is nothing but when it becomes the mainstream of the world then it is a different story.
Many people are not optimistic about China because of what they did with bitcoin and crypto, and I understand that but they will have to change as the world changes. But the question is when will bitcoin actually become mainstream and widely adopted globally? Like everyone is talking about bitcoin reserve, when will that happen?