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.
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.
Industry experts in the region have a strong belief that Chinese investors will have a big role in the ‘fifth wave’ of the market uptrend. 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.
I THINK YOU ARE RIGHT.
Yes u r right china and crypto bull run
Good one ....keep it up
Chinese are exited for BTC.
Hiteshh bhi india me bhi bitcoin legal jona chahiye.. Kya kahte ho aap
i am not supporting china because china is against the all crypto currencies.
its good buddy keep it up
Nice information.
whales are taming crypto price and buying at cheap price. so price will go up in the fourth quarter.
crypto bull is going to be coming in next july month
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yes china can do anything with cryptocurrency china have a huge crypto lover ,from an information i found that only 4 chaines miner holding 50% of bitcoin .
Chinese are play imp role in crypto market