In crypto coins While the volatility continues, Trump proposes hard customs duty policies. In the midst of the risk of global trade war, many central banks are raising interest rates, despite Trump’s instructions to download interest rates, the FED continues to postpone it by ignoring it. So what is China doing?
China and Crypto Coins
Increasing economic incentives, China has already started to prepare a suitable environment for risk markets. Crypto Although the equation in which the coins enter is dizzying, one of the supporting factors is China’s expansion. Arthur Hayes, one of the founders of Bitmex, warned China in the form of attention.
“Xi Jinping wants to keep the yuan fixed in the face of the dollar. If the dollar supply increases, the Chinese Halk Bank may have instructions to increase the supply of Yuan and make the dollar-yuan exchange rate constant. ”
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
China’s monetary expansion
This week, the Chinese Central Bank President Gongsheng said that interest rates will decrease and the amount of money that the banks should keep as a reserve will be reduced and the liquidity will be increased. Monetary expansion is equal to the rise in risk markets and therefore Chinese support for crypto currencies is important.
Nexo’s spokesman referred to the past, saying the following;
“In previous cases, when China increased monetary incentives and injected excessive liquidity into the system, in 2015 and 2020, extreme liquidity turned to alternative assets. Such an incentive may have wider effects on global markets and may increase appetite for alternative assets with stocks. ”
China and Bitcoin reserve
If there is a US in the world in the same area as his rival ChineseWe have to see. Bitcoin 
$91,278.90 Does the US, who continue to work on reserves, want a competitor in this regard? Crypto currency investors certainly want this. David Bailey, CEO of BTC INC, recently expressed an interesting claim in his X account.
According to him, China is trying to create its own strategic Bitcoin reserve.
“They have been organizing meetings behind closed doors since the election.”
If mining returns to China again, the country can generate serious income. Moreover, the US adoption of BTC as a strategic reserve will be a major obstacle to the rejection of Bitcoin’s acceptance as a value -storage tool. Maybe China can really do it.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
