Gareth Soloway: China's Bank Run Effect on Bitcoin
Paul Barron Network, Released on 7/11/22
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.
Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.
Gareth Soloway: China's Bank Run Effect on Bitcoin added by Herman James on 07/11/2022View all posts by Herman James ?+'