Can only partly agree - if another country goes bit on btc (not saying several other countries arent relatively big already) - regulations follow rather quickly.. Its just unfortunate that China took these steps so quick.. along with this JP morgan dickhead and bunch of other bad news hitting the market.. this is like the worst possible month PR-wise for Bitcoin..
The Problem grows further - BTC is hitting the mainstream - but if youre not involved with btc you get maybe 10% of the news we in here get after all.. and those news mostly consist only of "btc grew xxx%" followd by Dimons comment and news from china that bitcoin is a scam/ will get shut down
This takes away BTCs chance right now to become big and accepted by the masses, because how can a spokesman of the big banking system be full of bulls*** on this topic?
Makes it easier to stay away from crypto and less likely that people feel like they are msising out on a big opportunity which is to actually devalue and take power from the big players in the game and build their own system long-term..