And let us not forget that even though China used to be a huge player in the crypto markets, if you look at the last six months or so, the proportion of world exchange volume done in CNY has dropped to about 10-15%... to realistically what was painted as "the end of the world," really was just "the end" of 1/8th of the market...
But it's always more fun to panic and run around in a circle than to look at things objectively... ;-)