Chinese Based Crypto
So here is the deal. I have no facts and this is only opinion ( or for some entertainment) based on the international economies. It appears every country except the US are positioned to rally, particularly China due to unrest with covid and Russia/Ukraine.
Chinese stocks are positioned to skyrocket but something else will be even more explosive.
Crypto
It is my belief China will in the near future reconsider their stance on crypto and possibly allow select coins to trade. Which ones, I will not speculate. Most important in this opinion , I believe China will develop their own coin. China is growing and it needs more capital and having a coin to trade easily internationally will further advance the Chinese economy.
I am waiting expectantly for China to make an announcement at some point in 2023. Most likely when $Bitcoin (BTC.CC)$ hits rock bottom.
Now is the time to scour any Chinese-affilaiated or friendly crypto and buy buy buy buy.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Greenback Stocks OP : As China pushes its digital currency plans, the US falls behind
RIPPER : LRC this would do everything and country would need
Greenback Stocks OP : Could Hong Kong really become China’s proxy in crypto?
SNIP
Another major factor behind China’s possible support of Hong Kong’s crypto liberalization, according to Hayes, is the former’s problem with a giant United States dollar trade proficit. Historically, like almost any nation in the world, China has been storing dollar income in assets like U.S. Treasury bonds.
But the example of Russia, whose foreign assets were blocked due to financial sanctions after an invasion of Ukraine, has worried Chinese officials. Hence, it is highly probable they would seek another type of asset in which to store their USD income. Cryptocurrencies and related financial products might be the option.
Greenback Stocks OP : beauty
Mindfield : Once Evergrande stops avoiding their bankruptcy the entire market will crash , Blackrock is in very deep and won’t recover.
Emily Murray : Apparently if you’re considering investing in Bitcoin , now is the time. I work in the investment sector and lot of small investors make more than $50,000 daily through bitcoin investments.