Evergrande Sell Off And Bitcoin
China's Evergrande Real Estate Group has sparked a larger market sell off, potentially impacting the bitcoin price.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.After covering the Evergrande Real Estate Group last week in Daily Dive #060, our biggest concerns were with increased contagion spread to the Chinese economy and global markets. Since then, we’ve seen a tidal wave of Chinese market sell-offs in the....
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Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets a great deal as European and U.S. stocks have slid during Asia’s overnight.
Evergrande Group’s Counterparty Risk and Liquidity Shocks Could Spark a Credit Contagion on a Global....
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, Evergrande has managed to dodge default on its loans three times in the past month, but Evergrande bondholder Deutsche Marktscreening Agentur (DMSA) seems to be preparing to file for bankruptcy against the real....
Greg Foss discusses, Evergrande, China's high-yield market and his valuation model for bitcoin.
As Evergrande collapses, China is close to becoming a high-yield borrower. In this debt spiral, bitcoin is the best hedge for investors.
Evergrande cannot be viewed correctly except in the context of the overarching economic situation in China.