{"id":28981,"date":"2024-09-11T22:00:56","date_gmt":"2024-09-11T19:00:56","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28981"},"modified":"2024-09-11T12:58:20","modified_gmt":"2024-09-11T09:58:20","slug":"bitcoin-faces-a-new-threat-from-china","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-faces-a-new-threat-from-china\/","title":{"rendered":"Bitcoin Faces a New Threat from China!"},"content":{"rendered":"<p>Crypto analyst Wise Advice has raised concerns about a looming challenge for global markets, including Bitcoin (BTC).<\/p>\n<p>Issuing a warning that &#8220;a financial collapse worse than previous ones may be on the horizon,&#8221; Advice pointed out that China should be closely monitored in this regard.<\/p>\n<p>According to the analyst, a potential crisis in China&#8217;s real estate market could overshadow the Federal Reserve&#8217;s rate cuts or even Donald Trump&#8217;s potential election victory.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/fidelitys-fbtc-leads-spot-bitcoin-etf-inflows\/\">Bitcoin<\/a> braces for the worst In a recent post on X (formerly Twitter), Wise Advice highlighted a new risk looming over Bitcoin (BTC).<\/p>\n<p>China&#8217;s real estate inventories have plummeted to their lowest levels since 2008. With the country&#8217;s real estate sector accounting for over 18% of global GDP, Advice believes this significant proportion heightens the risks.<\/p>\n<p><strong>The analyst commented:<\/strong><\/p>\n<p>\u201cWe\u2019ve overcome challenges like Grayscale, Mt. Gox, the German government, and the Japanese stock market crash, but now there\u2019s something brewing that could trigger further declines.\u201d<\/p>\n<p>Advice emphasized that many U.S. companies and banks have direct exposure to China\u2019s real estate market, suggesting that the potential crisis in China could negatively impact U.S. stocks. He also warned that Bitcoin (BTC) might not escape unscathed from this fallout.<\/p>\n<p>However, Advice remains optimistic about the long-term outlook, claiming that any downturn caused by China&#8217;s real estate market would be short-lived. &#8220;In the long run, BTC and crypto will only rise,&#8221; he said. The analyst also suggested that a potential collapse in the U.S. markets could lead the government to ramp up money printing efforts.<\/p>\n<p>According to CoinGecko, BTC recorded a trading volume of $31.5 billion in the last 24 hours.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/strong><\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Wise Advice has raised concerns about a looming challenge for global markets, including Bitcoin (BTC). Issuing a warning that &#8220;a financial collapse worse than previous ones may be on the horizon,&#8221; Advice pointed out that China should be closely monitored in this regard. According to the analyst, a potential crisis in China&#8217;s real<\/p>\n","protected":false},"author":1,"featured_media":27880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,1205,833,7112],"class_list":["post-28981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-china","tag-coingecko","tag-german"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Faces a New Threat from China! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-faces-a-new-threat-from-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Faces a New Threat from China! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Crypto analyst Wise Advice has raised concerns about a looming challenge for global markets, including Bitcoin (BTC). Issuing a warning that &#8220;a financial collapse worse than previous ones may be on the horizon,&#8221; Advice pointed out that China should be closely monitored in this regard. 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