So I doubt if they will even consider a reverse decision to benefit from an increased Bitcoin price. The Chinese government will do anything to control their citizens and Bitcoin was a threat to their power. ("people's democratic dictatorship")
china is not actually as controlling as you think
im not a chinese resident (im british white) but the propaganda of trying to make china look like evil dictators is a media problem not a political problem
Unless there is some positive crypto news coming directly from a chinese government-owned news source, or in other words: a chinese news source, then theres no need to get excited.
Sorry but you are a bit out of touch with reality. I suggest you google Falon Gong organ harvesting and Uyghur camps.
China has banned its citizens from accessing the internet (except their own) and only allows certain individuals (government workers and government owned news) to bypass this restriction. China threatens and harasses family members of chinese individuals who are living in other countries, if they do something China does not like. China does not care about whether if the people want something. It cares about saving face and making the PRC party look good. Also, only the PRC dictates which candidates can or cannot be voted for. So democracy is not the word I would use for anything chinese.
They support brutal regimes like North Korea and spy/steal western technology. I recommend you take a look at China Uncensored on youtube, if you want proof and actual facts.