@idiosyncratic1 10 November 2021 more from that month

#Evergrande has defaulted. Though I had no idea about the company before 2021, the conspiracy theories pushed me search about it. While the expectation of people on Evergrande was to be saved by Chinese government, they choose not to interfere the natural flow of the institutions. As a consequence, one of the zombie operators (those who hardly pay the interest rate on their debt). Even if we see the negative impacts of this collapse, the near future is likely to be affected from this devastating news. For me, it is time to watch the reaction of the market against such huge news. In my opinion, these things may make people invest more in crypto seeing the growing avalanche of debt 😅 #Cryptocurrency