China Lifts It's Ban on Cryptocurrency. Some Picks.

in #news5 years ago

In 2017 when China banned Cryptocurrencies we saw a huge bear market before things turned around later on. This ban reversal could have a huge impact on the market direction in the next few weeks.

News##

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With all of the bullish things to come for the crypto market: Bakkt, Ethereum futures contract, Bitcoin ETF, and the indications that all of these major players are looking to get in, this news is just as big. China has always been one of the largest players in the Crypto space .

Here is what actually went down. “Chinese court confirms Bitcoin is protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law because of its property nature and economic value.”. btcnn.com article below.

https://www.btcnn.com/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/?fbclid=IwAR3vzy4IUsfBQLoqq7yNAFkSzT1_J4pmJRAKgxJ6dSaPe6dAIVTCKaxqJNk

I don't know about all of you but I am looking forward to the next few weeks very much! I think we are headed for a wild ride very soon.

**Picks: **

ADA - Cardano, I am still Bullish on this for as soon as Bitcoin picks back up.
MAN - Matrix, same here, when Bitcoin bounces back this will moon in my opinion.
XVG - Verge, it is getting close to the beginning of the new year, people are going to cash out when Bitcoin picks up and they are going to want to do so without the government knowing about it. Verge is one of the best among the untraceable Cryptocurrencies and it one of the cheapest.

Please let us know what you think and comment below!

I am not a financial advisory and this is not financial advice, invest at your own risk.

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Crypto access + bank runs = big f$cking potential

My sentiment exactly friend! Thanks for commenting.

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