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- China's Regulatory Shift Sparks Crypto Bull Run: Experts Weigh In
China's Regulatory Shift Sparks Crypto Bull Run: Experts Weigh In
Eric Karani
February 21, 2023
Gm! This is The Ledger Line, We're like your favorite wine bottle.
Improves with age.
Here’s what we’ve got for you today:
Can China kick off the Bull Run?
It started with China abandoning its zero COVID Policy at the end of 2022. Just last week China injected more money into the economy to save its economy. This means that its going to lower interest rates. This undoes what the US is trying to do. Restrict the economy hence interest rates are going up. China being a bigger market that US will definitely have an impact in the market.
When consumers pay less interest rates, this gives them more money to spend, which can create a ripple effect of increased spending throughout the economy.
The second reason why we strongly agree that China will kick off a bull run is because Hong Kong will allow trading of cryptos. Hold on before you jump off your seats 😂. ONLY TO PROFESSIONAL INVESTORS. This news means different for different people particularly exchanges.
Big news for crypto today: @HuobiGlobal has announced that it's applying for a crypto trading license in Hong Kong🇭🇰! This is a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner. 🇨🇳
— H.E. Justin Sun 孙宇晨 (@justinsuntron)
9:34 AM • Feb 20, 2023
What to do now.
Keep an eye on the awakening giant, China as it is waking up.
As Hong Kong tries to become the new financial hub, keep it on the look!. There is competition from countries to be leaders or innovators.
Have a trading and investing mindset outside the US point of view. There are many opportunities that
Meme of the day:
Adios for now… Be Legendary!