Experts are predicting that cryptocurrencies are poised to continue higher in the fourth quarter of this year as investors shake off the collapses and sentiment of the first six months. These were the words of Sun Zeyu of Hong Kong based investment firm Genesis Capital in an interview with Tencent Technology according to Hacked.
News out of China usually has a negative impact on cryptocurrency markets. The government has made its stance on cryptos very clear: it doesn’t like them and will not tolerate them. The people however, and there are a lot of them, are hungry for crypto and Chinese investors could spark the next big bull run.
This would result in a “crypto bull market may be far beyond our imagination” according to Gao Kangdi of Metropolis VC. All of this bullish sentiment comes despite the constant crackdowns by China’s draconian ruling party.
The city state is now home to thousands of token investment fund foundations setup by Chinese nationals. Singapore has emerged as one of the more favourable nations for ICOs and regulators have lowered the requirements to setup blockchain based exchanges in the country.
China’s crypto analysts believe that growing global financial instability and the possibility of US incited trade wars in the region could be the catalyst for greater crypto investment. Bitcoin and cryptocurrencies are a natural alternatives to government regulated stocks and bonds since they are decentralized.
Bitcoin and cryptokurians are the natural alternatives for government regulated stock and bonds
Yes, they can easily earn Taxes from us.
To be honest CHINA is the leading cryptocurrency country along with BTC holders so probably they have every rights to uplift or downfall ...
Yes, they will uplift for sure.
In fact China was the reason behind the bearish market as well......so they will be the main reason behind the next bull market too.......It's power of population ........You know!
100% correct. I agree with you.
china is country which having 50% of btc holding among all other country
I totally agree with you.
China always play a big role in market. Its always true
Yes, they are leaders.
Every analyst giving positive signs but nothing heppend yet ... Half of the year passed.
Last 4 months are crucial.
Binance Exchange is one of the fastest growing and most popular cryptocurrency
Well said, I always use Binance. It's in my priority list.
Thank you so much for these information about Crypto Bull Run in China.I really need it. I am looking for info about it!!...Continue your good work...👌✌... please follow me back and give me some upvotes...thanks.✌
Thanks alot for positive comment, I will also comment and upvote you now.
just cant wait for that to happen!!!!hoping for the best!!!fingers crossed
Yes, will see soon
I think all the bulls have died after previous bull run.
But still I am holding and thinking that new born cattle will become new bull. Then after they will run, it will take too much time.
Yes, true. New Bulls will arrive soon.