This may or may not be good for Bitcoin.
With the attempts to become the new financial arm of the world there may be a problem on the doorstep.
The United States Dollar is surging in value.
http://www.zerohedge.com/news/2016-11-16/us-dollar-index-spikes-13-year-highsWith offshore yuan collapsing near 6.90 - record lows - the USD Index has surged this morning, breaking above Dec 2015's 100.51 level to trade at its highest since April 2003...
USD Index is up 8 days straight - the biggest surge since May 2015
More worrisome is what does a weak Yuan look like for Bitcoin?
If the Yuan is worth less the buying power for the Chinese to get into BItcoin might be effected.