Crypto Crash Incoming? China’s Real Estate Crisis Sparks Fear

The crypto world has had its fair share of storms, from the Mt.Gox collapse to the Grayscale crisis.

But now, crypto analyst Wise Advice is sounding the alarm on a much bigger threat: China’s troubled real estate market. He believes this could have an even bigger impact than Federal Reserve rate cuts or Donald Trump’s presidential campaign.

We survived Grayscale Dump ✅

We survived Mt. Gox Dump ✅

We survived the German Government Dump ✅

We survived the Japan stock market crash ✅

But now, something else has started, which could cause even more turbulence 😱

I’m talking about the 🇨🇳 Chinese real… pic.twitter.com/yGfKb6wllw

— Wise Advice (@wiseadvicesumit) September 10, 2024

Is the market on the brink of a devastating crash? What next for investors? Read on for answers.

What’s Happening with China’s Real Estate Market?

Wise Advice points out that China’s real estate stocks have dropped to their lowest level since the 2008 financial crisis. After Evergrande’s bankruptcy in August 2023, Bitcoin fell by 20%. With China’s real estate sector now making up over 18% of global GDP (up from just 4% in 2008), the stakes are much higher. U.S. companies and banks are also heavily involved in this market, raising concerns that a crash in U.S. stocks could drag Bitcoin and the broader crypto market down with it.

Is There Hope for Crypto?

Despite the risks, Wise Advice believes there might be a silver lining. If stock markets start