September of 2021 was the month where China banned Bitcoin for the 18th time despite being the second bigest hodler with 194,775 bitcoins which is worth at around of almost 11 billion Dollars, but why would China ban bitcoin for over 12 years? because with every single ban that China has been putting out there on crypto which caused a drop on Bitcoin's price , China was buying more Bitcoin continuously and now they are on track to become the one of the strongest countries economically.The fact that neither China,Us or any other company isn't selling it's an indicator that Bitcoin will be aiming for higher highs that right now we think are impossible.10 years from now the world that we know today will be so different because of all these projects that are aiming to improve our everyday life.Price's that are growing everyday are making us happy but we must not forget that still we are still early and our crypto bags will we rewarded.
You are absolutely right, and what the Chinese government does is for profit and their economy. In a few years we will see the results of all the moves and strategies they have implemented during this time.