I was pretty upset at how he called it out the other day, but I realized that he was correct. BTCC is huge news, but its not end of the world news. September 30th is a LONG ways away in the crypto world and anything can happen in 2 weeks. More than likely what you will see is the Chinese exchanges scrambling to shore up their operations. That means padding balance sheets with extra coins. The PBoC wanted the price to drop, they didnt outright ban every bitcoin and exchange. Think about that for a second before you think the world is ending. If you worked for the PBoC, would you be buying up everything in sight right about now? I know I would. Institutionalized btc exchanges mean institutionalized money and lots of it. If the SEC and the FDIC suddenly backed every US based exchange, dollars would flood into the market like the salmon of Capistrano. Long live the BTC circlejerk honeybadger thing. What is dead may never die.