Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process.
“When China loves crypto, the bull market will come back.
"If these flows actually materialize in the way I imagine, they will be a strong supporting pillar of the next bull market.”
It considered several factors like crypto ATM installations, pro-crypto regulations, and startup culture.
China has one of the largest economies in the world but has been mostly hostile toward the crypto industry.
Source: Cointelegraph
#crypto