Chinese banks froze millions of dollars worth of deposits in April, telling customers they were upgrading their internal systems. Chinese media has reported that the frozen deposits could be worth up to $1.5 billion and authorities are investigating the three banks. About 1,000 people gathered outside the Zhengzhou branch of China’s central bank on Sunday to demand action. On this episode, we’re taking a look at how a possible China bank run would effect Bitcoin’s price and adoption.
Guest: Gareth Soloway Chief Market Strategist of InTheMoneyStocks.com
website ➜ https://bit.ly/InTheMoneyStocksite
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#China #bitcoin #crypto
~China’s Bank Run Effect on Bitcoin w/ Gareth Soloway LIVE~
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27 Comments
Maybe its nice to ask Garreth the next time about his failures. How many time did he sell at a loss etc. and what did you do wrong…These can be very valuable lessons..
FYI – Coinbureau is a brand of V3 Digital (a brand/marketing agency) and Guy is a paid actor. This is noted in the terms of service on their website. Probably best not to reference his posts as they’re mostly biased toward the financial interests of V3’s founder, Nic Puckrin (former Goldman Sachs exec).
Hello Paul Barron! Please turn on the option to download for offline viewing (YT premium) – Thanks I appreciate it 🤗🧡
Fell asleep and thought I was in a meeting where I couldn't get a word in. Woke up and realized I was watching Youtube.
Why would people trust crypto? Trillions just got wiped out and if energy crisis gets worst bitcoin is f*cked.
Paul never researched the real story behind the bank ran in China. The bank ran in China is from rural private banks. People bought wealth management products from these private banks but theses products are not registered. People want higher yields. Either way, it involves fraud. People want their money back but of course they probably won't because if it's too good to be true then it probably is. Paul, you need to research your stories. Rather than disseminating MSM fear mongering.
Could China bank worries cause capital flight to USD? …..along with other stuggling currencies
Once Cryptos become regulated they are no longer cryptos. Are they?
There is no China Bank run. Stop spreading fud. Yes, there are some clients requesting their money from a bank, but get the back story. There are 1.4 billion people in China and you have a handful of protesters in front of one bank and everyone on YouTube starts running with a bank run story.
All bs. Just content creation bs.
Inflation has been peaking fo 6 months….lol
Buy Xrp. Be free.
Classically, these patterns in the middle of a strong trend are classified as bull-flags, which should theoretically break bullish. For a longtime i have been following and watching videos on youtube hoping to learn how to make profit from trading crypto and i realised that these youtubers don't really care about the viewers making profits they just keep seeking views and engagements. I discovered Stanley Jun Strategy and my trading pattern has changed and I have been able to make profit off the market.
Gareth is amazingly accurate as always.
Garreth is terrific. He excels at providing a macro view of economics in relation to the crypto market. And just a really articulate, gracious public speaker to boot. Another great video with Paul and Garreth.
Great program 👍 Thanks 🙏
Nice
I always look like gareth is sitting in a space ship
GanngBang Chair to the left 😮
Sick of Gareth.
Gareth is by far my favorite guest of yours. Matter of fact and to the point with his analysis. Very much appreciated.
Thats just pure Greed if you believe this is what it takes for Bitcoin to be great. Bitcoin was supposed to be for the ppl. Its starting to look like the exact opposite
If their is a bank run in China I truly think that'll be a huge catalyst for Bitcoin adoption Gareth Soloway & Paul Barron strikes again🙌🏾 great video💯💪🏾
This is the best/most thorough conversational video I've seen in wks. Appreciated
Shciff accepts bitcoin and converts it into fiat immediately, he doesn't hold it hahah
🙏❤️
Bitcoin at a million, yeah right:))) a million plumquartzzz, that's coo coo Neptune currency:)))
Let's not forget that the biggest payouts in the markets don't come from great performances but rather it's great promotions. Stay invested, diversification for streams of incomes is very important.