So you think Bitcoin is all over? I'm here to tell you a little about the resilient Chinese people. Australia is a great country, and our real estate is being picked up by millions of Chinese investors. How you might ask? Well yes it's illegal for Chinese nationals to invest in some forms of Real Estate ownership outside of China.
From first hand knowledge of how the laws are skirted to purchase property in Australia I can tell you that this downturn in the Bitcoin market will be brief as Chinese investors employ other avenues to invest their wealth. I have seen cash payments for multi million dollar houses and cars along with education and living expenses paid with millions.
Again, Chinese investors are smart, well educated individuals with many avenues for investing their wealth. Hong Kong for instance operated completely different to mainland China, where the exchanges interact with the world stick exchanges. You see when China wants to make money, they will in fact circumvent their own restrictions in order to do so. Bitcoin and Bitcoin exchanges will be no different. China will open up the market, even in a somewhat restricted manner to us, however there will be plenty of opportunities for Chinese nationals to access exchanges once again.
There is already a great deal of talk around Singapore snatching up the ICO's of China and welcoming them with tax incentives. It is my firm believe Singapore will be the Asian hub for Bitcoin Investors.
This is my first article on China and the Bitcoin troubles. Hope you enjoyed some optimism in these dark days.