The long-range impact on the crypto markets remains to be seen.
| Dear Reader, I urge you to read this Special Issue of New Money Investor as soon as you can make the time. We don’t usually do this. But it’s a developing situation we think needs wider attention. So, what’s up? You may have heard China has been clamping down on cryptocurrencies this year. Over the last few weeks, this has kicked up a level. China has now dubbed all cryptocurrency transactions as ‘illegal’. The long-range impact on the crypto markets remains to be seen. But in the short-term, digital currencies — predictably — sold off hard. Beijing says it’s going to ‘resolutely clamp down on virtual currency speculation, and related financial activities and misbehaviour in order to safeguard people's properties and maintain economic, financial and social order.’ This comes after China has strangled its own bitcoin mining industry. China used to account for 65% of total global mining. No more… All of the above has just presented you with a window of opportunity. Three listed stocks could be about to benefit spectacularly from China’s war on cryptos. This is a story the mainstream is yet to fully grasp. To learn more, click here now. Regards, James Woodburn, Publisher, Fat Tail Investment Research |
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