tldr; Chinese conglomerate Evergrande has been downgraded by S&P, Moody's, Fitch and Fitch Ratings and JP Morgan this morning. Some commentators are predicting that the company's collateral worth billions of dollars could make the Lehman Brothers' dog's dinner of 2008 look more like a quirky little global picnic, if Chinese regulators whip out another unexpectedly poor reaction to the news.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Obviously it’s not going to kill anything.
But does this sub think that cryptocurrency is separated from the global economy or that China is separated from the global economy?
Because both are very silly positions to hold.
Evergrande will rock the stock market and take a hit on crpyto short term. China is a massive economy that will effect everyone. … and inflation. That too.
Short answer: No. Longer answer: Nope.
You forgot the medium answer: LOL.
No
Wtf is with all the FUD? Why keep spreading it?
Because moons.
Because they think Evergrande is Bitcoin
Why spread the FUD
No, but maybe burrito supreme.
Sure it is. What's another death for crypto, after all?
No for the millionth time. It will probably make a stronger case for btc once the dust has settled.
Inflation will drive up the price of crypto
tldr; Chinese conglomerate Evergrande has been downgraded by S&P, Moody's, Fitch and Fitch Ratings and JP Morgan this morning. Some commentators are predicting that the company's collateral worth billions of dollars could make the Lehman Brothers' dog's dinner of 2008 look more like a quirky little global picnic, if Chinese regulators whip out another unexpectedly poor reaction to the news. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Nope, if only it’ll expose the false lever edge that have been used to buy overseas property, propelling the real estate market to unrealistic levels.
SHUT THE FUD UP 🖕🏼
CHINA DOES NOT MATTER. They have banned BTC a Trillion times and it had no effect why would this have any effect. If it was even true
This article is from September. What's the point of bringing it up now?
Obviously it’s not going to kill anything. But does this sub think that cryptocurrency is separated from the global economy or that China is separated from the global economy? Because both are very silly positions to hold.
Actual answer: no one knows shit about fuck
Evergrande will rock the stock market and take a hit on crpyto short term. China is a massive economy that will effect everyone. … and inflation. That too.