Close Menu
    Blockchain

    Chinese Banks Court Crypto Firms in Hong Kong



    Bitcoin is back around the $28,000 mark, but liquidity across crypto markets is at a 10-month low. That’s happening as firms that buy and sell digital tokens lose access to dollar payment systems. Annabelle Droulers reports on where these firms may find a source of support. She speaks Bloomberg Television.
    ——–
    Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
    Connect with us on…
    Twitter: https://twitter.com/business
    Facebook: https://www.facebook.com/bloombergbusiness
    Instagram: https://www.instagram.com/bloombergbusiness/

    View 20 Comments

    20 Comments

    2. Sean Yun on

      ALSO DO THE MATH THAT THERE IS NO SUCH THING LIKE QUANTITATIVE EASING BY THE FED + OTHER CENTRAL BANKS BECAUSE FOR EXAMPLE) ALREADY FOR THE LAST 2WEEKS IN MARCH US FED'S BALANCE SHEET HAS BEEN EVEN MORE THAN IT USED TO BE MEANS NOW IT ALREADY HIT +9T$ FROM +8.9T$ BEFORE 2ND Q OF 2022YR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) WHAT ABOUT CHINA PBOC? IT DID CUT AGAIN AND AGAIN ITS RRR TO INJECT MORE AND MORE AND MORE AND MORE ITS TRASH RMB + WHAT ABOUT EUROPE? MORE AND MORE AND MORE AND MORE MONEY PRINTINGS GOING ON AND ON AND ON AND ON FROM GETTING LOWER AND LOWER AND LOWER AND LOWER THEIR BUNDS GILTS BONDS YIELDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    4. Sean Yun on

      P.S AGAIN AND AGIAN AS I'VE SAID THAT YEN IS IN STILL A GOOD TIMING TO GO APPRECIATED AGAINST US$ INTO +68YEN +/-!!!!!!!!!!!!!:)

    5. Sean Yun on

      AGAIN AND AGAIN AS I'VE SAID MANY TIMES ALREADY SINCE THE END OF 2ND Q OF 2022YR THAT ———- > WE ARE SEEING THE LAST MOMENT OF US$ BITCOIN CHINA YUAN (+H.K$) EURO POUND STOCKS BONDS REAL ESTATE SECTORS < ———— WHO DENIES THE FACT?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) THOSE ECONOMIES IN THE TREMENDOUS EVER THE BIGGEST DEBT PROBLEMS FROM TOOOOOOOOOOOOOOOOOOOOOOOOO LOW INTEREST RATES SINCE THE BEGINNING OF THE 20TH CENTURY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    7. Sean Yun on

      Property Sector Biggest Overhang for China Economy: Hong < ———- AGAIN AND AGAIN DO THE MATH!!!!!!!!!:!) AS I'VE SAID ALREADY SINCE THE END OF 4TH Q OF 2022YR THAT CHINA GDP GROWTH % WILL BE +3.0% +/- 0.5% FOR 2023YR AGAIN MEANS ———- > INEVITABLY THERE WILL BE MORE AND MORE AND MORE AND MORE AND MORE MOUNTING DEBT PROBLEMS IN THE CHINA (+H.K) ECONOMY BECAUSE ITS AGGREGATE GROWTH = ITS GDP CANNOT OUTPACE ITS AGGREGATE DEBT TO ITS GDP RATIO AGAIN AND AGIAN SINCE 2021YR TO 2022YR AND 2023YR AGAIN AND AGAIN UNDERSTAND?!!!!!!!!!!!!!:) MEANS ——– > THERE WILL BE ANOTHER (-)25% DOWNTURN OF ITS PROPERTY SECTOR FROM ITS FURTHER COLLAPSING REAL ESTATE PRICES IN 2023YR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    8. Sean Yun on

      DO THE MATH THAT AGAIN AND AGAIN AS I'VE SAID MANY TIMES ALREADY THAT CHINA'S SOVEREIGN BONDS SYSTEM HAS BEEN BROKEN(=DEAD) TOTALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!! UNDERSTAND?!!!!!!!!!!! ———– > MEANS THERE ARE MORE AND MORE AND MORE AND MORE DEBT PROBLEMS ARE MOUNTING AND MOUNTING AND MOUNTING AND MOUNTING NOW IN CHINA (+H.K) ECONOMY!!!!!!!!!!!!!!!:)

    9. Sean Yun on

      FOR EXAMPLE) IT TELLS EVERYTHING THE REALITY OF THE CHINA (+H.K) ECONOMY THAT ———- > ITS LPR +3.65% – US FED FUNDS RATE + 5.0% = WOW!!!!!!!!!!!! (-) 135BP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) < ———- SO WHOSE DEBT PROBLEMS ARE MORE SEVERE? USA OR CHINA? IT LOOKS LIKE CHINA DOESN'T IT?!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HOWEVER IN REALITY ———– > INDEED BASICALLY USA + CHINA BOTH ARE IN THE BIGGEST EVER DEBT PROBLEMS SINCE THE BEGINNING OF THE 20TH CENTURY OK?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! WHAT ABOUT EUROPE? EVEN MORE HARSH REALITY HAS BEEN ON AND ON AND ON AND ON AND ON ESP SINCE 1990S TILL NOW DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    10. Sean Yun on

      AGAIN AND AGIAN AS I'VE SAID MANY TIMES ALREADY THAT NOW GOLD PRICE IS MOVING IN ITS 2K$ +/- RANGE AND IT IS WHY STRAIGHTLY HEADING TOWARDS 3K$ – 3.5K$ THIS YEAR? BECAUSE AGAIN AND AGAIN TOOOOOOOOOOOOOOOOOOOOO MUCH DEBT STILL MOUNTING AND MOUNTING AND MOUNTING AND MOUNTING DEBT FROM TOOOOOOOOOOOOOOOOOOOOOOO CHEAP MONEY PRICES = TOOOOOOOOOOOOOOOOOOOOO LOW INTEREST RATES ARE THE SUPER IMPETUS TO PUSH UP AND UP AND UP THE GOLD PRICE FOR MANY MANY YEARS TO COME INTO THE RANGE OF 10K$ – 15K$ IN COMING YEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    11. Sean Yun on

      AGAIN AND AGIAN AS I'VE SAID MANY TIMES ALREADY THAT NOW GOLD PRICE IS MOVING IN ITS 2K$ +/- RANGE AND IT IS WHY STRAIGHTLY HEADING TOWARDS 3K$ – 3.5K$ THIS YEAR? BECAUSE AGAIN AND AGAIN TOOOOOOOOOOOOOOOOOOOOO MUCH DEBT STILL MOUNTING AND MOUNTING AND MOUNTING AND MOUNTING DEBT FROM TOOOOOOOOOOOOOOOOOOOOOOO CHEAP MONEY PRICES = TOOOOOOOOOOOOOOOOOOOOO LOW INTEREST RATES ARE THE SUPER IMPETUS TO PUSH UP AND UP AND UP THE GOLD PRICE FOR MANY MANY YEARS TO COME INTO THE RANGE OF 10K$ – 15K$ IN COMING YEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    12. Sean Yun on

      AGAIN AND AGAIN DO THE SIMPLE MATH THAT HOW MANY TIMES DID THE PBOC CUT ITS RRR (= REQUIREMENT RESERE RATIO) SINCE THE 1ST Q OF 2020YR THROUGH WHOLE YEAR OF 2021YR + 2022YR TILL NOW IN MARCH CUT OF 2023YR? 16TIMES ?? 17TIMES??? IT HAS ANY MEANING TO REMEMBER???? BECAUSE IN ANYWAY ITS RRR HAS BEEN DOWN AND DOWN AND DOWN FROM +12% RANGE TO EVEN BELOW +8% IN MARCH 2023YR ——— > AND WHAT ABOUT GDP GROWTH% OF CHINA (+H.K) ECONOMY? FROM +5% —- > 3% —– > AGAIN 3.0%% +/- 0.5% AT THE BEST IN 2023YR?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) MEANS CHINA'S DEBT PROBLEMS ALREADY HAVE BEEN TOOOOOOOOOOOOOOOOOOOO MUCH MORE OUTPACED THAN ITS GDP GROWTH PATH MEANS ———– > INEVITABLY THERE ARE MORE AND MORE AND MORE AND MORE AND MORE AND MORE MOUNTING DEBT PROBLEMS HURRICANING THE CHINA ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    13. Sean Yun on

      AGAIN AND AGAIN AS I'VE SAID MANY TIMES ALREADY SINCE THE END OF 1ST Q OF 2022YR ———- > THE FIREWORKS OF THE MINSKY MOMENT CANNOT BE STOPPED AND EVEN MUCH MUCH MUCH MUCH MUCH MUCH MUCH MUCH MORE ACCELERATED ITS SPEED THAN EVER UNDERSTAND?!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    14. Sean Yun on

      WHAT ABOUT PBOC + ECB? MORE AND MORE AND MORE AND MORE AND MORE DEBT PROBLEMS ARE GROWING AND GROWIN AND GROWING FROM TOOOOOOOOOOOOOOOOO CHEAP MONEY PRICES = TOOOOOOOOOOOOOOOOOOOOOO LOW INTEREST RATES TO DEAL WITH THEIR MOUNTING DEBT PROBLEMS OK?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) THERE IS NO 'QT' OR WHATEVER MEANS ———– > MORE AND MORE AND MORE DEBT = LIQUIDITIES ARE BEING AGAIN INJECTED INTO THE FINANCIAL SYSTEM MEANS THERE ARE OF COURSE MORE AND MORE AND MORE AND MORE AND MORE FINANCIAL ENGINEERING'S FAILURES = FINANCIAL SYSTEM INSTABILITY = MORE AND MORE AND MORE BANKS BANKRUPTCIES INEVITABLY HURRICANING THE ENTIRE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    15. Sean Yun on

      DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!:) < ——— IT IS MATH NOT A GUESS OR WHATEVER SPECULATION MEANS THAT FOR INSTANCE) ——- > NOW US FED'S BALANCE SHEET HAS BEEN UP AND UP AND UP EVEN MORE THAN IT USED TO BE MEANS ——- > IN JUST 2WEEKS OF THIS MARCH ITS BALANCE SHEET HAS BEEN UP MORE THAN +440B$!!!!!!!!!!!!!!!!! MEANS NOW IT HIT +9T$ FROM +8.9T$ USED TO BE BEFORE 2ND Q OF 2022YR SO CALLED ITS RUN – OFF STARTED UNDERSTAND?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    16. Sean Yun on

      AGIAN AND AGAIN THE SAFE HAVEN ASSETS = GOLD + ENERGY PRICES HAVE ANY OTHER OPTIONS BUT TO HIKE MORE AND MORE AND MORE AND MORE FROM TOO MUCH DEBT THAT STARTING CAUSING MORE AND MORE AND MORE AND MORE AND MORE BANKING SYSTEM'S FAILURE INTO COMING MONTHS AND YEARS?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

    17. Sean Yun on

      AGAIN AND AGAIN THERE ARE NO SUCH THINGS LIKE 1. SOFT LANING 2. RETURNING TO 2.0% NEUTRAL INFLATION RATE!!!!!!!!!!!!!:) MEANS MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT PROBLEMS ARE HURRICANING THE ENTIRE ECONOMY!!!!!!!!!!!!!!!!!!!!:)

    Leave A Reply
    Share via