The China constant bans on crypto has completely become of no effects to the crypto community world wide. I think crypto has finally broken out from the market price effects. The last bear run was caused by China last ban on crypto related activities on May 2021. I thought that the ban would have sink crypto prices, but fortunately has become the game changer even as new investors entered and bought at low price; at this time, they have made huge profits.
all finally opened a certain intention to be carried out by the Chinese state by means of continuous prohibition, they saw the response of the world market with what was said. Of course, at the beginning it was clearly very impactful, but after that, everyone knew.
it is certain that there are certain intentions from China with the ban, until now it has not been seen on the surface. it is certain that later it will be revealed what the intention behind the ban is, I myself agree that the ban is due to the bad impact of mining and must be corrected, but not to prohibit should find a solution.
If continuous action is clear, investors and large traders and institutions will understand, will not be affected by this.
bitcoin will still be the best and able to provide profits for those who keep it until now and maybe continue until a new ATH is formed.