Here's another way to look at it. If I have a stock which has bad news, I need an exchange to panic on. No exchange? Then no way to dump the stocks. So if Chine

Here's another way to look at it. If I have a stock which has bad news, I need an exchange to panic on. No exchange? Then no way to dump the stocks. So if Chinese are thinking of dumping bitcoin on account of the bad news they need liquidity to do so. Currently with all (most?) exchanges gone where do they, if they really want to, dump their bitcoins? On that note it did go from 5k to current price.