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Usually news from China negatively affects the crypto-currency market. The government of this country clearly expressed its position regarding digital currencies, it is based on the fact that the authorities do not like the crypto currency and they will not be tolerant to them. However, many people in China are waiting for a crypto currency, it is the Chinese investors who can provoke the next bullish splash in the market.
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Experts predict that the crypto-currencies will continue to grow in the fourth quarter of this year, as investors will get rid of the fear and negative mood of the first six months.
Industry experts are firmly convinced that Chinese investors will play a big role in the “fifth wave” of the upward trend in the market. This will lead to the fact that “the crypto-currency bull market will be far beyond our imagination,” says Gao Kandy of Metropolis VC.
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China’s Crypto Currency analysts believe that the growing global financial instability and the possibility of American inflammatory trade wars in the region can become catalysts for large crypto-currency investments. Bitcoin and crypto-currencies are a natural alternative to state regulated shares and bonds, as they are decentralized.
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