And indeed, China doesn’t want Bitcoin to succeed in the minds of people, yet wants to control the most of it that it cans. The two go hand in hand, you attack the price in a multitude of ways, such as Binance creating a bailout fund which will generate a leverage spiral of death since you can’t print more to bail people out, and further crash the market. Instead of incentivizing people to hold their own keys and OWN THEIR MONEY, they want “proof of reserves”, meaning; they want you to feel comfortable with them holding your fucking money.