We should look at this problem from a different angle.
Without Chinese Gov's influence, BTC price should be higher than $1,000USD today.
How could BTC price went down to $400USD and that provided you an opportunity to buy more BTC?
Everyone knows Chinese Gov could not ban BTC in terms of technical aspect.
And eventually BTC price would continuously rise up in the long term.
So what Chinese Gov had done is to offer you a chance to buy more BTC and be more rich in the future:).
So the Chinese Gov hold monopoly that affect on price until it buy all btc and for 10 or more years sell us for 100x more than current price Without Chinese Gov's influence, BTC price should be higher than $1,000USD today.
How could BTC price went down to $400USD and that provided you an opportunity to buy more BTC?
Everyone knows Chinese Gov could not ban BTC in terms of technical aspect.
And eventually BTC price would continuously rise up in the long term.
So what Chinese Gov had done is to offer you a chance to buy more BTC and be more rich in the future:).
BTC price is based on the public recognition and confidence.
If China has a monopoly on BTC market, I believe people would go to other altcoin (LTC or something else).
BTC will be worthless and, Chinese Gov gain nothing from it.
Correct , except one part , if bitcoin gets worthless other altcoins will become worthless to, or they will do the same with them. So... Idk my head hurts when i even think about all possible scenarios