Bitcoin and Bitcoin futures might end up benefitting in the long term from the [People’s Bank of China moving to outlaw all cryptocurrency transactions](https://www.etftrends.com/crypto-channel/peoples-bank-of-china-declares-crypto-transactions-illegal/) . “This is great news for bitcoin, the last thing we want is China [to be]involved in a currency of the world,” Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, said in an interview with [Yahoo! Finance](https://www.msn.com/en-us/money/other/china-banning-crypto-transactions-e2-80-98great-news-for-bitcoin-e2-80-99-investment-firm-ceo/ar-AAON4nd?ocid=BingNewsSearch) . “The real issue is about control, and what governments don’t like is [that] bitcoin takes control of people’s monetary futures away from governments and [places it]in the hands of individuals,” Gerber said. “And that’s exactly what’s...