China ban on bitcoin has been ongoing issue but the market does not recognize it as threat to the market anymore.
In my opinion, it is something that we should not be worried too much when it comes to investing in Bitcoin!
When US is accepting Crypto as their best bet, China will also make their move to revitalize it too.
Their decision made against Bitcoin is not a threat anymore its because many people already know that China really hates Bitcoin and they do this for many times. People are not surprised about this news that's why we could see that there's no big effect happen after this fud spread.
I don't hope for now about changing their stance against Bitcoin since they have other agenda pushed. Maybe we need to see if they succeed since maybe this banning will continue. But if it happens that China will fail and they see that US also other country adopt Bitcoin succeed for sure that they would follow to allow Bitcoin to circulate in their country.