Or it would make BTC price skyrockets as the rate of producing new coins is increased to months instead of dates or weeks. Let China clamp their shit because they have more corruption/bribery looking to flow out of the country. The tech is still there, and at the end, they won't want to miss out on the innovation. When they have their political shit sorted out and want to come back in, we'll see even more competition for hoarding coins.

I can see short term downtrend but that is necessary for a real, organic growth instead of bubble hype. Having China owning >51% of BTC network is also not good for decentralization. If we can have spread out mining pools across multiple countries, we won't be affected by politics and whims of governments.