Is Evergrande about to kill Bitcoin?

Tether + the next few weeks will be very telling

First it was S&P. Then Moody’s. Then Fitch.

This morning it was JP Morgan.

It’s so hard to escape the news right now of Evergrande’s conspicuous market demise; collateral worth billions upon billions, which some commentators are predicting makes the Lehman Brother’s dog’s dinner of 2008 look more like a quirky little global picnic — if Chinese regulators whip out another unexpectedly poor reaction to the news of Evergrande being unable to satisfy investors and creditors.

See, if Evergrande fail again, there might be no floor for the fall — and Bitcoin might be the perfect solution to brace the impact, helping prevent any real knocks to the Chinese economy.

*If you’re more TL;DR, skip to the subtitle ‘How Could Evergrande Affect Bitcoin Speculation?’

The perfect storm

The only cushion for might be Bitcoin itself. If Evergrande tanks, it could well tear giant holes in the wallets of everyday Bitcoin investors.

So if that’s you, keep reading.

To understand potential timelines and how Evergrande needs to be on the radar of every crypto investor, let’s start a few weeks ago when the faultlines at Evergrande started to really get wedged open:

Evergrande’s liabilities involve more than 128 banks and over 121 non-banking institutions…