We survived Grayscale Dump ✅
We survived Mt. Gox Dump ✅
We survived the German Government Dump ✅
We survived the Japan stock market crash ✅
But now, something else has started, which could cause even more turbulence 😱
I'm talking about the 🇨🇳 Chinese real estate market.
🔻 China's real estate stocks are now trading at their lowest levels since 2008.
🔻 Back in August 2023, Evergrande bankruptcy filing caused a 20% BTC dump.
Now, the entire Chinese real estate market is going down 📉
Back in 2008, China was just 4% of the global GDP, but now it's over 18%.
Also, most US companies and banks have direct exposure to the Chinese real estate market.
This means if things continue to get worse, the US stocks could dump hard, which could lead to a #BTC and #crypto crash.
𝐵𝑢𝑡 𝑡ℎ𝑒𝑟𝑒'𝑠 𝑜𝑛𝑒 𝑏𝑟𝑖𝑔ℎ𝑡 𝑠𝑖𝑑𝑒 𝑡𝑜𝑜.
▪️ If the stock market starts going down, this'll push the government to start doing QE (money printing) and will also do faster rate cuts.
IMO, September will continue to be choppy with some pumps in between.
There could be a dump too because of the above-mentioned factor, but in the long run, $BTC and crypto will be up only 🚀
