Post
Topic
Board Altcoin Discussion
Re: HK envisions a positive outlook for cryptos, especially altcoins ?
by
FireDAOJackie_Z
on 22/04/2023, 02:01:47 UTC
We’re yet to see a positive reaction in the market after this news. I hope we’ll see prices start to pump soon, I would expect if China start to become crypto friendly again it’d be very bullish. In the 2021 bull run when China banned bitcoin we dumped from 45k to 28k briefly in one day, I remember it well. So if China starts becoming crypto friendly again, hopefully it’ll be good for prices. Maybe because the US won’t give regulatory clarity, China sees it as an opportunity to get exchanges to move to China.

It will be coming very soon. The new rules and crypto policies will be implemented in June so starting from then, the whole market will be bullish, at least for a short period. Indeed China sees US's aggressive regulations as an opportunity to attract more hot money flowing back to Hong Kong, China. Despite the crypto prices continue to drop, I still buy some in for the upcoming boom. We'll see.