January 23, 2023: Chinese are Bidding? 🧧🐇
中国红包引发新年牛市?
Frens! Join us at 2:30 PM PT for our first Llama Party of the New Year, live from Bangkok with Amadeo Brands!
新年快乐!
China is reopening for its New Year, and at the same time crypto is up a few percentage points from its recent lows. Coincidence? Conspiracy?
In several crypto groups, I’ve seen a burgeoning China narrative — the Chinese will pump our bags! Could our Chinese friends indeed be the cause of the market moves?
Or is it just the Inverse Cramer effect?
If the China narrative proves true, it could well be bullish for our beloved $CRV token. Curve recently added Chinese language support.
And more generally, Curve’s been flexing its calligraphy on the feed.
So it all boils down to, is the China narrative real, or purely occidental?
As a wayward Western Man, it’s nearly impossible to get reliable information out of China… it’s challenging enough to find reputable information about America. Yes, there’s plenty of news about China, but it’s very heavily filtered.
To get a bit closer to the truth, we asked the friendly moderator of the Curve Chinese community for some context. He was happy to share his thoughts.
Though he does not necessarily fear governmental reprisal, we are fearful on his behalf. Therefore we’re paywalling this post so that if authorities want to destroy him, they’ll need to pay us a nominal fee for the privilege.