1. Due to the arrival of the Bitcoin bull market, many Chinese have joined the Bitcoin market, but most of them have never even heard of Nakamoto. This sounds very ridiculous, but this is the status quo in China. This part of investors has pushed the price of currencies such as doge to rise, but when the price plummets, they are likely to harm society because of losses.
Although not seeing a clear relation about knowing Nakamoto or not but your statement needs to based on some kind of survey..
2. The popularity of Bitcoin mining, as Musk said, has had a negative impact on the environment and energy, forcing the Chinese government to crack down on Bitcoin mining.
China never cared about environmental issues and when it reduced its polluted emissions last year, the ozone layer healed.
3. China's current development focus is still on the real economy, and the excessive inflow of funds into financial fields such as digital currency is not in China's interests.
Only when it comes to its interest then it is ok.
Be sure to seize the opportunity to sell Bitcoin at 50% off!
Ok when Bitcoin will go back to $0.5 I will think about selling it, it is 50% of the earliest price after all.