Possibility Increase is remain, but so impossible if reach so high price like that, I seen bitcoin price still unstable untill at this time, so don't easy to trust some news like that, you should check amd learn the situations.
If this right, this will be a good news for us, because this will be backing cryptocurrency in future. I think this will be useful for China in future mainly at financial side. China follow the world's developing with nothing against the currents of the times, and in my mind, whatever is that if we can use it in right way that's will be useful for us! Don't just looking at the weakness or at the bad sides.