Will China’s Bitcoin ban prevent price from hitting $100k? Florian Grummes

Will China’s Bitcoin ban prevent price from hitting $100k? Florian Grummes




Florian Grummes, managing director of Midas Touch Consulting, discusses with David Lin, anchor for Kitco News, the impact that China’s cryptocurrency trading …

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34 Comments

  1. Perfect question Kitko! Why would you not sell if it is to go down to 20K
    Sorry but it does not make sense… I mean all theese experts ! Anticipate BTC price major decrease but they are not going to sell anything !…. 🤦‍♂️ if they were so confident with their forecast they would sell it for sure!

  2. Sovereigns are NOT going to give up their control of their fiat. Been saying it for years, China is just the start. Crypto is a good toy to speculate with…not something to get wedded too and certainly not a store of value, they aren't even currencies.

  3. China banned Bitcoin around 13 times now. It's not even news anymore. They kicked out the minors a couple of months ago but nothing else here is even news

  4. Perhaps the global debt bubble is "crashing up" just before the biggest global recession of all history AND…the governmental/finance/digital elites know it….hence the horrendous push to control and lock down and digitalise every human being on the plant (using this statistically pretty un-lethal virus as the excuse). Just sayin x

  5. It might still happen, but I think oil might reach 100K per barrel first, but don't be alarmed it would say more about the dollar than about oil.

  6. Knowing the price action is the key and also understanding the impulse and corrections of the market that's how to understand fluctuations as a beginner

  7. Not because I like something it makes it true but I like Florian POV about China .
    Seem logical .

    Side note :
    Did Powell really called China an
    “Emerging market economy “ ?

    Was he speaking geographically you think ?
    Or political fashion implying China is not a major player?

  8. Thanks it was good useful video . Everyone can close eyes and live in different dreams and justgana fly to moon in few weeks or months but is it real ? Ask yourself !!

  9. FED/BRIT/YUAN coin still all have the same inherent problems of fiat. High inflation. Most FIAT currency is already digital now anyways so the way it operates wont change that much. BTC will keep its high value status as digital property.

  10. Considering btc just bounced back into strength after one of the largest economies on earth banned it is extremely bullish and shows its strength

  11. Good morning ☀️ for the 4th day we are consolidating at a 47k-49k almost , which promises to be the fuel for a huge bump to next target at 60k , current consolidation is very important as it try to break next fib level and the mid channel starting frm beg of August so as i said before Q4 is promising to be GREEN and S2F expect price to reach 135K which a 1% growth ( nothing compare to last year and we are at the last 3 month of the bull cycle so expect higher moves !!!!!!!!and be ready for it , wealth chg for u all

  12. He's wrong. The evergrande situation has already been absorbed by the markets. It's basically over for all practical purposes in terms of the macro perspective. It was a HUGE media stunt from the very beginning (just like the virus). $350 billion ain't jack shit. China can easily bail that out, and china's economy can easily absorb it, and in terms of the global economy it's a tiny drop in the bucket and COMPLETELY irrelevant. Bitcoin is going to $100K this year, and the traditional markets are going MUCH higher in the near term future (6 months). Yes there will be a draw down that is many months away. Next.

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