Addressed investors: Bitcoin faces a Chinese threat!
Crypto analyst Wise Advice has suggested that global markets, including Bitcoin (BTC), will face a new challenge. Advice, who issued a warning that “worse than previous financial collapses could happen,” stated that China should be closely monitored.
According to the analyst's comments, a crisis that is about to erupt in China's real estate market could overshadow the Fed's interest rate cut or Donald Trump's election victory.
Crypto analyst Wise Advice touched on a new threat awaiting #Bitcoin (BTC) in a post he shared on X. China's real estate stocks have fallen to their lowest levels since 2008. According to data, China's real estate sector represents more than 18 percent of global GDP. Advice stated that this rate increases the risks.
The analyst said: “We got rid of Grayscale, Mt. We got rid of Gox, we got rid of the German government, we got through the stock market crash in Japan, but now something new has started that could lead to a further decline.”
“Most US companies and banks are directly exposed to China’s real estate market,” Advice said, adding that the impending Chinese crisis would negatively impact US stocks. The crypto analyst said #BTC would also be affected by the crash.
Advice argued that a possible decline caused by the Chinese real estate market would be easily overcome, and said, “In the long run, $BTC and crypto will only rise.” The analyst noted that a possible collapse in the US markets would encourage the government to print money.