Interesting theory, will keep an eye out. In the long run my opinion is that BTC and cryptocurrencies will be reopened in the CN markets it just will be super regulated in order for the CN government to keep tabs and collect taxes . I don't think it would be make sense for CN to completely close BTC and crypto since this is (in my opinion) the future and they would be shooting themselves in the leg + CN BTC miners have a huge chunk of BTC mining in which the electricity subsidized by CN government. Overall longterm CN will continue to be a big player in this market but will heavily regulate consumer investment. Longterm BTC has a high chance of increasing in value and overtime it will be very difficult for governments to stop this trend.
RE: This is the #1 reason WHY Bitcoin could crash below $1000 by the end of Sept. or Oct., given 2 China exchanges close on the end of Oct. now.
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This is the #1 reason WHY Bitcoin could crash below $1000 by the end of Sept. or Oct., given 2 China exchanges close on the end of Oct. now.