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Don't Fall for the Evergrande FUD

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Avatar for warliezdiaz
Written by   21
3 weeks ago
Topics: Life, Cryptocurrency, Blog, Story, Writing, ...

China's #Evergrande and real estate issue should not affect #crypto adversely. I know a lot of Chinese who exited and put their money away from stocks to crypto.

China's impending real estate collapse is even great for the crypto market as it is a prime investment alternative or something that is being looked into as an alternative as not only by Chinese but many Chinese companies. The only challenge for them is bringing their money outside of China.

The only thing that makes #crypto vulnerable to the #Evergrande issue is the narrative being spread by those who failed to bought the dip last May or June, expecting the 25K to happen.

They wanted to take advantage of the issue and make others believe that it is of main concern when it is not in the very first place.

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Avatar for warliezdiaz
Written by   21
3 weeks ago
Topics: Life, Cryptocurrency, Blog, Story, Writing, ...
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