- Bitcoin (BTC) price will keep surging despite old china FUD.
- Rumors about China banning crypto re-emerged for the 100th time.
- This is something that they actually already did back in 2017.
According to crypto analyst Lark Davis, Bitcoin (BTC) price will keep surging despite old china FUD. However, the crypto investors who made panic selling in 2021 will cry in 2025, due to the same FUD.
The year is 2025, #bitcoin has just corrected from 400k to 250k on China banning BTC fears.
3 days later it’s revealed that ban FUD was simply repeating laws passed in 2013
Whales bought the dip.
You cry because you panic sold at 30k in 2021 due to the same FUD
— Lark Davis (@TheCryptoLark) May 23, 2021
Moreover, the crypto market seems to be gripped by fear at the moment. However, with a lot of old FUD doing the rounds. In addition, even rumours about China banning crypto for the 100th time are re-emerging. This is something that they actually already did back in 2017.
According to CoinGecko, the BTC price is $35,237, at the time of writing.
In addition, the Crypto Fear and Greed Index, a metric that analyses the current sentiment in the Bitcoin market, reflects this. Moreover, having fallen to extreme fear levels not seen since April 2020.
More so, these are often considered by some to be buying opportunities, with crypto research leader Arcane noting in a report. Moreover, the report explained ‘in the past, an extremely fearful market like this has historically presented huge buying opportunities during bull cycles.’