Cryptocurrency
US Plan to Delist Chinese Stocks Could Trigger Massive Bitcoin Buying Spree
As reported on NewsBTC, “The mounting tensions between the US and China as a result of the ongoing pandemic have contributed to global instability and could ultimately provide a major boost to Bitcoin. “The United States House of Representatives is now spearheading an effort to delist Chinese stocks from the US markets, claiming that they […]
As reported on NewsBTC, “The mounting tensions between the US and China as a result of the ongoing pandemic have contributed to global instability and could ultimately provide a major boost to Bitcoin.
“The United States House of Representatives is now spearheading an effort to delist Chinese stocks from the US markets, claiming that they have long been able to benefit from US listings without the companies having to abide by the same rules as domestic companies.
“If the government is successful in their move to delist these companies, it could provide a major boost to Bitcoin as more Chinese citizens turn to crypto to escape the mounting economic turbulence.
“Ironically, this effort is being driven by Representative Brad Sherman – an outspoken critic of Bitcoin and other digital assets…”