Evergrande Drama Alert đš! #China 's real estate giant ordered to liquidate by court in Hong Kong sending shockwaves worldwide đ Absolutely foreseen given that total liabilities of the firm amounted to around $333 B when it filed for bankruptcy in US.
The aftermath might be a rollercoaster for China's stock market, with major shift towards đ crypto assets .
With Evergrande's empire crumbling, the crypto market could sway like a seesaw. Will #BTCđ„đ„ play hide-and-seek in rangebound prices? Or will investors flock to crypto heavens refuge from the stock market storm? đȘïž
Despite the prohibition of cryptocurrencies since 2021, an expanding cohort of investors is progressively acquiring digital assets through unofficial channels from dealers operating in China's grey market. #Write2Earn
$BTC