China makes up 80% of the bitcoin trading volume. Since their exchanges are in the process of being banned by the communist party, I imagine there’s a lot of liquidation going on which may last a few more days. From someone who understands the technology behind these BTC/ETH, I think like every other time, it’ll end up being a buying opportunity. As for GBTC….this may be one of the best opportunities to get it into a tax-free retirement account at a reasonable price(relatively speaking). Bitcoin and Ethereum aren’t going away – with or without China.
China makes up 80% of the bitcoin trading volume. Since their exchanges are in the process of being banned by the communist party, I imagine there’s a lot of liquidation going on which may last a few more days. From someone who understands the technology behind these BTC/ETH, I think like every other time, it’ll end up being a buying opportunity. As for GBTC….this may be one of the best opportunities to get it into a tax-free retirement account at a reasonable price(relatively speaking). Bitcoin and Ethereum aren’t going away – with or without China.