Two sides of a coin.
Do China ever accept bitcoin?
If China accepted bitcoin, ok they can ban bitcoin with their changes in policies.
If China have never accept bitcoin, what do you think with the news like that Since today China ban bitcoin.
https://www.techinasia.com/timeline-history-bitcoin-china-2013
https://www.cnbc.com/2017/09/11/bitcoin-price-falls-on-reports-that-china-is-closing-local-exchanges.html
https://www.investopedia.com/news/bitcoin-banned-china/
2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years
Bitcoin Obituaries Stats
Fortunately, the market will have another Xi-pump as same as 2019 Xi-pump.
After Xi, China’s Central Bank Gives Blockchain Tech a Pump. Don't believe in what China says or news you read, look at what their government do
China Reiterates Crypto Bans From 2013 and 2017 then they will reiterate the Xi-pump.