Increasing tension between the USA and China cryptocurrencies It has had bad consequences for and countries tend to act together. While the article was being prepared, the US Trade Representative made important statements and defined China’s policy as a threat. Zeberg once again warned those who expect a rise in cryptocurrencies.
US and China Tension
US trade representative Greer, who made a statement while the article was being prepared, signaled that tensions may increase. cryptocurrency The environment where there is no consensus and tension is increasing is annoying for investors. Regarding the Chinese export restrictions that started last week, Greer said;
“China’s export restrictions are an effort to gain power in the global supply chain. China is applying economic pressure. The United States and its allies will not accept China’s restrictions.
“China’s actions are a complete rejection of the agreements made between the United States and China over the past six months.”
If China implemented these impositions to get a better deal with the USA, this situation could have much worse consequences. However, the USA demands that China open up to the world, saying “we are interested in helping China, not harming it”. Since it is in a developing process, time will tell what this will evolve into.
Warning to Cryptocurrency Investors
As uncertainty increases again, so does the number of analysts lining up to predict the decline. Henrik Zeberg said that cryptocurrency investors will face a bad surprise after the last possible rise.
“Think about it, kids! We are in the most extreme bubble of all time. On weekly, monthly and quarterly charts (in BTC) has a large negative deviation. This is a VERY bearish chart. Wall Street and the media encourage you. Don’t get caught up in this narrative! Haven’t we seen this before? It’s a balloon – and it’s going to collapse horribly! But first there will be a BIG RISE towards the final peak!
The narrative surrounding this giant bubble is absolutely insane. Everyone applauds! People don’t even realize that they are speaking in “balloon language”. We have a little more time. But… we will see some surprises in the coming years.”
For this scenario to happen Chinese The USA and its allies must come to the point of imposing embargoes on each other. The process becomes a historical event and we see many developments that affect the lives of investors other than cryptocurrencies.
