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Addressing investors: Bitcoin faces the threat of China!
Crypto analyst Wise Advice claimed that global markets, including Bitcoin (BTC), will face a new challenge.
Advice, which warned 'Worse than previous financial collapses could happen,' emphasized that China needs to be closely monitored.
According to the analyst's comments, a crisis about to break out in China's real estate market could overshadow the Fed's interest rate cut or Donald Trump's election victory.
Bitcoin is preparing for the worst
Crypto analyst Wise Advice highlighted a new danger awaiting Bitcoin (BTC) in his post on X.
China's property stocks have fallen to their lowest levels since 2008. According to data, China's real estate sector represents more than 18% of global GDP. Advice indicated that this ratio increased the risks.
The analyst said the following:
"We've escaped from Grayscale, we've escaped from Mt. Gox, we've escaped from the German government, we've survived the collapse of the Japanese stock exchange, but now something new has started that could lead to further decline"
**Advice, saying, "Most US companies and banks are directly exposed to China's real estate market," claimed that the impending China crisis will negatively affect US stocks. The crypto analyst also stated that BTC will be affected by this collapse."
Advice, which claims that a potential decline in the Chinese real estate market will be easily overcome, said, "In the long term, BTC and crypto will only rise." The analyst stated that a possible collapse in the US markets would encourage the government to print money.
According to CoinGecko data, BTC recorded a trading volume of 31.5 billion dollars in the last 24 hours.
This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.