⛔⛔⛔ Will China develop the cryptocurrency market in the future?
It is unlikely in the short term, but in the long run, the potential of cryptocurrency cannot be ignored. Because there is no foreign exchange control in the United States, cryptocurrency is like a fish in water there, becoming a new outlet in the field of technology. Political elections and loose monetary policies provide an excellent living soil for Bitcoin. In the United States, the development of cryptocurrency is dispensable, but it is also a good way to do it.
Russia's move is mainly to deal with economic sanctions, using abundant energy resources to develop cryptocurrency to activate capital flow, which is their inevitable choice. Many small countries with weak financial systems are also taking this path.
China's current economic growth is slowing down. Compared with directly promoting new technologies, maintaining foreign exchange controls is more important. At this stage, the cryptocurrency market can only be tested in a small area such as Hong Kong. China's situation is very delicate-not doing it may miss the opportunity for development, but rash entry may bring greater risks. However, with the evolution of the global competitive landscape, there may be a new turning point in three years. By then, if you don't do it, you are afraid of capital outflow, and if you do it, it may affect cash flow. The dilemma may force China to take action in the field of cryptocurrency.
In this uncertainty, we focus on setting strategic fixed points through bull market conditions, flexibly rolling positions, or avoiding risks by holding spot for a long time to maximize bull market returns, while exploring potential ten-fold and hundred-fold coin opportunities.
Follow me for more in-depth analysis and strategic layout!
