Evergrande (and Fantasia) Situation and it’s effect on crypto markets

I hate to re-cover the same ground but the Evergrande situation is not going away. In-fact, it seems as though we are again staring into the abyss. The cracks are starting to deepen.

*’US Secretary of State Antony Blinken has given an alarming assessment of the Evergrande fiasco, warning the company’s downfall could affect “literally the entire world”.’*

After watching the market sway when this ordeal just came to light for the global public, I fear that we are one step closer to some sort of Lehman Brothers-esque GFC event.

I don’t want to seem alarmist. However, as much as we would like to believe that BTC is the “new gold”, the market is easily rocked by comparatively minor news.

Do you believe we are staring down the barrel of the gun, or is this more “FUD” that will have no lasting effect on the value of your favorite coins?

View Reddit by Yasha666View Source

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