Ivan On Tech – BITCOIN: BIG BIG WAVE COMING…🚨 (09.04.2024 Summary)

Ivan On Tech – BITCOIN: BIG BIG WAVE COMING…🚨 (09.04.2024 Summary)

Attention, crypto enthusiasts! The market is buzzing with some big news from China. It seems that the Chinese government is getting more involved in the crypto space, and this could have a significant impact on the future of Bitcoin and other digital assets.

  • According to Ivan, a major Chinese investment fund, China Southern Fund, has reportedly applied to launch a Bitcoin spot ETF in Hong Kong. This is a big deal because it means that Chinese investors will have a more direct way to gain exposure to Bitcoin.

  • Ivan also mentions that China has been buying a lot of gold and Bitcoin lately, especially since a meeting between Larry Thiel and Chinese President Xi Jinping last November. This suggests that China sees Bitcoin as a valuable asset, and they’re positioning themselves to take advantage of its growth.

  • What does this all mean for the crypto market? Well, Ivan argues that China’s involvement could be a huge boost for Bitcoin and other cryptocurrencies. The Chinese market is massive, and if Chinese investors start pouring money into crypto, it could lead to a massive price surge.

  • Ivan also warns that we need to be cautious around the $90,000 price level for Bitcoin. He believes that we might see a period of sideways trading or even a slight pullback once we reach that level, as certain technical indicators suggest a potential cooling-off period.

Overall, the message is clear: China is back in the crypto game, and their involvement could be a game-changer for the entire industry. Keep your eyes peeled for more developments, and remember to always do your own research before making any investment decisions.