Bitcoin Latest News: Why China Will Drive The Next Crypto Bull Run

News out of China usually has a negative impact on cryptocurrency markets. The government has made its stance on cryptos very clear: it doesn’t like them and will not tolerate them. The people however, and there are a lot of them, are hungry for crypto and Chinese investors could spark the next big bull run.

Experts are predicting that cryptocurrencies are poised to continue higher in the fourth quarter of this year as investors shake off the collapses and sentiment of the first six months. These were the words of Sun Zeyu of Hong Kong based investment firm Genesis Capital in an interview with Tencent Technology according to Hacked.

Industry experts in the region have a strong belief that Chinese investors will have a big role in the ‘fifth wave’ of the market uptrend. This would result in a “crypto bull market may be far beyond our imagination” according to Gao Kangdi of Metropolis VC. All of this bullish sentiment comes despite the constant crackdowns by China’s draconian ruling party.

The reason could be massive inflows of capital from blockchain and crypto ecosystems already in place in friendlier nations like Singapore. The city state is now home to thousands of token investment fund foundations setup by Chinese nationals. Singapore has emerged as one of the more favourable nations for ICOs and regulators have lowered the requirements to setup blockchain based exchanges in the country.