Emin Gun Sirer Avalanche (AVAX) Comments on Chinese Real Estate Developers and Crypto Markets


Source: elevenews.com elevenews.com

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Emin Gun Sirer expressed: “Is this the day when the crypto markets realize that they are far more resilient to Chinese real estate developers than they think they are?” Community response: No, because if there will be a collapse for Evergrande, it will affect all economies in the world included crypto era. Some say the opposite that it will not have a global effect and that even Communist government wants it to collapse to be able to shift the money from construction to semiconductors and other tech fields. In the long term, the Chinese government seems to be happy with...