The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.
China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.
It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.
In China, many things have always happened so that bitcoin did not arise, and that goes hand in hand with the government that wants to control everything, I personally have always said something, when we need a lot of bitcoin things and sbeuno considers the good and things bad, that's why it's better than bad, I don't know, but Everyone remembers when in CHINA they were going to launch their own crypto with competition from Facebook, they were looking for a way to do good publicity for bitcoin , and after that they caught it and everything was fine , then they made bad publicity I think people in China Know a lot about Bitcoin and that's the interesting thing, those who are Intelligent know that they should have bitcoin.