Skip to main content

Will Re-election of Chinese President Xi Jinping Fuel Cryptocurrency Trading Resumption?

So much speculations about the Re-election of Chinese President Xi Jinping on Cryptocurrency Trading resumption. 


The re-election of Chinese President Xi Jinping, which is expected to fuel the resumption of cryptocurrency trading, is set to occur later this year. Analysts such as Jon Creasy, a bitcoin researcher, emphasized that the reelection of President Xi could very likely lead to the resumption of bitcoin and cryptocurrency exchanges.

Creasy wrote:

“My prediction is this: as soon as President Xi Jinping is reelected — and he will be — conservative, free(er)-trade legislation will be put in place, and Bitcoin exchanges will be reinstated. In fact, I wouldn’t be surprised to see the Chinese government encouraging certain exchanges and cryptocurrencies, once this legislation hits. Historically speaking, President Xi Jinping has been one of the largest advocates of free markets China has seen in quite some time, and I expect this trend to continue.”
Photo credit: Shutterstock.

Comments

Post a Comment

Popular posts from this blog

DECENTRALIZED FINANCE; WHAT IS IT? – Part 1

      More than t en years gone down the lane, the block chain industry is yet to disappoint with it ever changing nature. Since the early adoption, the industry has since recorded a slow but progressive changes with the latest being the Decentralized Finance also referred to as Defi. What Decentralized Finance? ‘’DeFi is essentially just conventional financial tools built on a blockchain’’-blocknomi. These were previously built on the Ethereum network, but there is a growing number of players in this space such as Waves and Cosmos. ‘’ They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services’’ Example of a growing number of Defi Dapps on the waves platform is the Neutrino token - https://beta.neutrino.at/neutrino/usd-n .      Decentralised
Post a Comment
Read more

INVESMENT OPTIONS IN THE DIGITAL ASSETS/CRYPTOCURRENCY SPACE - Part 1

•  SMART CONTRACTS; Ethereum, waves, ontology, algorand, cosmos, polkadot, cardano etc. •  TOKENS; xlm, xrp, Bitcoin Cash(BCH), etc •  DEFIS; Terra, Nexo, USDN, DAI, •  Stable Coin and Algorithmic Stable coins; USDT, USDC, USDN, etc. KEY CONSIDERATIONS IN MAKING A CHOICE •  Asset Fundamentals •  Rate of adoption •  Products and services  •  Partnerships •  Incentives TYPES OF INVESTMENT OPTIONS Passive income. Example, DAI, USDN, Waves, Ethereum, Nexo, Terra, Sia etc Buy and Hold aka Hodler: Bitcoin, Ethereum, Litecoin, XLM, XRP etc Trading (Scalping, swing, day and Position Trades). Bitcoin,Litcoin, Ethereum, BCH, etc Loans: Nexo etc TYPES OF INVESMENT – PASSIVE INCOME •  PASSIVE INCOME: Algorithmic stable coins can provide daily in system referred to as Decentralized Finance Eco system (DEFIs). Examples; USDN implement a typical CBN policy for T-bills and Bonds. By implement such monetary policy, investors are presented with a very simple, easy way to invest and make daily rewards on
Post a Comment
Read more