BREAKING!! CHINA’S 1ST BITCOIN ETF GOES LIVE IN JUST 10 DAYS!!! (MAX BULLISH)

BREAKING NEWS!! China is about to PUMP Bitcoin to the Moon!! In just 10 Days the first spot Bitcoin ETF goes live in Hong Kong from China’s largest fund manager – Harvest Hong Kong!! China usually crashes the Bitcoin markets during every cycle..but with this cycle it looks like China is going to pump BTC and the crypto markets!! You don’t want to miss this video!!

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⏰ Time Stamps ⏰
00:00 Intro: China’s roll in the Bull Run
01:04 China’s past history of bearish crypto crackdowns
02:40 Why China will alternatively pump the crypto markets this cycle
03:26 The current legal status of Bitcoin & Crypto in China
05:10 Chainanalysis’ 2023 global crypto report shows huge crypto growth in China
07:13 Hong Kong used as the sandbox for China crypto adoption
08:23 China getting it’s own Bitcoin ETF?!?

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Every bull cycle needs a certain country to either dive back into Bitcoin or pull the plug on it again, PUMPING the markets to the moon or crashing them down to the ground. Who is that country?? Well my friends….it’s China & this country has played a major part in Bitcoin’s bull

Run and bear cycles since the beginning. So what’s China up to this cycle? Find out in about ten minutes…because it’s time for Chico Crypto!! Yup my friends, if you didn’t know…China plays a big role in Bitcoin and the entire crypto ecosystem.

What they decide to do…their government and the people of China….ha ve major effects on the industry as a whole… If you weren’t around or don’t remember, back in May of 2021…China decided to crash the markets…by “banning” cryptocurrency mining and trading within the country….as

We can see, this severely crashed the price, taking it from nearly 60 thousand in early May, all the way down to 30k 2 months later in July….basically a 50 percent crash in just 2 months.. This isn’t the first time China did something like this…back during the 2017 bull market

Mania, Chinan did another type of crypto ban, they declared ICOs illegal within the country…as we can see from the price, BTC crashed from nearly 5 thousand bucks, all the way down to 3 thousand, a crash of about 40 percent in just 2 weeks.

Each of these bans….weren’t “total” bans on cryptocurrency…that is just how they were perceived during the time…leading to larger than normal crashes!! If you didn’t know….people within China are still participating in ICOs and newer types of token offerings. Like IEOs, airdrops, and IDOs!!

Also, that China ban on Bitcoin mining…well over 2 years later…China is still the #2 crypto mining country by hashrate… China in the past has dumped the markets with jolting headlines about crypto bans….but the past is the past….we are moving into the future….and this time around it likely China will PUMP the crypto markets….why??

Well many people don’t know what exactly is going on within mainland China…what is the true status of bitcoin and cryptocurrency within the country?? So let us begin with China’s ban on Bitcoin mining…Liu He, who was Xi Xingping’s right

Hand man, and vice premier of the state, was the one who publicly ordered the Bitcoin Mining Ban… Well guess who decided to step down and retire in March of this year??? Liu He did…now that he is out of office and puling the strings, it’s unlikely that

Bitcoin will return to a ban level event like it did in 2021 as Xi’s state administration focus on a battle of systems and investment flows with the West. People also don’t realize and recognize the legality status of crypto and bitcoin within China…it is not as bad as it seems.

Bitcoin is recognized as virtual property and a defensible virtual commodity by Chinese courts – this has been the case in the Chinese court system for many years. From this legal research paper titled “A general introduction to the regulation of virtual currencies in China” from Han Kun Law offices in China, they say “Nevertheless,

Other courts have been permissive towards virtual currencies and related activities in certain aspects, such as by holding: virtual currencies are virtual commodities that possess economic value and thus their private exchange between persons do not violate the Key Prohibition Rules; and

Purchase agreements in respect of virtual currency trading are valid as they do not violate mandatory legal requirements or public policies. And then they document the cases that upheld these 2 legal status for virtual currency below. The right for Chinese citizens to hold and buy bitcoin as a virtual commodity has been

Upheld by multiple courts, and the right from the citizens to transact p2p has been upheld too. Yes China has banned exchanges on their mainland, and banned companies within their borders from raising funds through crypto assets…but they haven’t banned the people’s right to transact and hodl crypto…

So let me tell you, we are seeing China use crypto like never before…this can be seen from Chainalysis crypto report the “Global Crypto Adoption Index” from this report we can see, that China in 2022 was ranked #2 on centralized services…aka a lot of

Money on centralized exchanges was coming from China…but as we can see, their p2p person to person trading ranking was low low back in 20222, they were ranked #144… Checking out this same report but in 2023, we see some very shocking details.

China is still up high regarding centralized services at #5…but a major change happened regarding p2p transactions. China went from rank #144, all the way to #13 in just a year…. China is still using centralized exchanges, but also China is starting to dominate in the p2p game,….

If you didn’t know…many of the top exchange….are either headquartered or have operations in Hong Kong, China’s financial capital…. Exchanges like Bybit, OKX, Binance, Gate.io and Kucoin….plus many, many others. These exchanges allow Chinese citizens to trade on them…for example within OKX documentation

About Options on their exchange, they talk about China Mainland KYC in the minimum capital requirements for trading… OKX and some of the others have continued to allow the Chinese to trade…but it has been kind of risky for them to do this…they didn’t have a clear answer from the government

If this was ok….but trading on centralized exchanges for Chinese citizens is about to get a whole lot clearer and easier with what Hong Kong has been doing… (Link #8 Hong Kong Exchange licenses) Back in the summer of 2023…Hong Kong started doing some very interesting moves.

They decided to allow a crypto exchange license, and would start accepting applications in June of 2023… Well it didn’t take long, within a couple of months 2 exchanges won the licenses and could offer crypto services to retail participants … .well shortly after Hashkey and others, the big dogs started to come for their licenses….OKX in November submitted their application….

The road is getting paved, for China to be able to go full throttle into cryptocurrencies once again…Hong Kong is just a sandbox for China, a place where they can test things…before deploying or re-deploying them in their mainland….Chinese whales are already trading on these Hong Kong

Exchanges, and retail china won’t be far behind….even though a majority of them haven’t stopped trading even with the “bans” Although, there is some even bigger news … .that just came out yesterday… After seeing the success of the Bitcoin ETFs here in the United states with billions upon

Billions of trading volume, and hundred of thousands of Bitcoin being accumulated by the funds….China is getting a tad bit jealous…..so their financial hub, Hong Kong is going to do something about it…. Back in December of 2023, the Hong Kong regulators, the Securities and Futures commission, and

Their monetary authority said “ETF Applications Will Be Considered” Well just a month later….the SFC, who would approve ETFs in Hong Kong … .accepted their first application…and as we can see, 10 other financial institutions in the country plan to put forward applications too…but the article says “

Harvest Hong Kong — one of China’s largest fund managers — submitted a spot Bitcoin ETF application to the Hong Kong SFC on Jan. 26, reported Tencent News. The report added that the regulatory body is actively working to expedite the process

For approval of ETFs in the country to launch the first Hong Kong spot Bitcoin ETF after the Chinese New Year on Feb. 10.” Woah, an ETF launch within the next couple of days in China?? This would allow citizens of mainland China to invest in Bitcoin ETFs…because these

Would be traded on traditional stock markets, and mainland china has access to Hong Kong trading….. Things for Bitcoin are ooking not bearish from China…but bullish. What do you think?? Let me know down in the comments. Cheers I’ll see you next time!!