ilmscore | China’s Crypto Comeback: Is the Next Bull Run Already Loading?

Predictions from this Video

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Incorrect: 2
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Prediction
Topic
Status
Proposed new rules in Hong Kong could allow insurance companies, with $82 billion in annual premiums, to invest in digital assets, with even a 1% allocation expected to significantly exceed current retail inflows.
"The Hong Kong Insurance Authority is proposing new rules that would allow insurance companies to allocate capital into digital assets. We're talking about an industry with roughly $82 billion in gross premiums annually. Even a 1% allocation from this sector would dwarf the retail inflows we've seen so far."
BTC
Incorrect
The Chinese government holds approximately 200,000 BTC in seized assets, valued at $12 billion, which could be sold to address budget shortfalls or economic bailouts, potentially impacting Bitcoin's price.
"Furthermore, the Chinese government is sitting on a massive pile of seized crypto, estimated at nearly 200,000 BTC from the Plus token seizure years ago. If they need to plug a budget hole, if they need to bail out a developer like Vanie or Country Garden, then they have a $12 billion piggy bank they can smash open at any time."
BTC
Incorrect