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RECAP: BITCOIN + CHINA RAMIFICATIONS
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RECAP: BITCOIN + CHINA RAMIFICATIONS

China's Impact on Bitcoin & Crypto Analyzed! Driver of Next Bull?

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InvestAnswers
Feb 22, 2023
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TODAY’S TAKE

  • Hong Kong is demonstrating a desire to become a crypto hub with new regulation

  • China seems to be using Hong Kong as a testing ground for reentering crypto

  • Public Bank of China adds a net $632B yuan with reverse repos

  • Beijing determined to keep the cash supply ample for an economic recovery

  • Bitcoin becoming increasingly correlated with Chinese st…

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