Bitcoin ( BTC-USD ) may actually benefit from China’s recent decision to ban all cryptocurrency transactions , according to Ross Gerber, Gerber Kawasaki Wealth & Investment Management CEO. “This is great news for bitcoin,” Gerber said. “The last thing we want is China [to be] involved in a currency of the world.” The price of bitcoin fell as much as 6% after China announced the decision Friday morning. The world’s most populous country is responsible for much of bitcoin’s mining activity, according to a University of Cambridge study . “The real issue is about control, and what governments don’t like…