Press Release
China Distancing: What does it mean for Blockchain and Crypto?
A new theme is emerging from this COVID19 pandemic: China Distancing.
World wants China to pay. If China doesn’t want to pay – they want to pull out and pull out fast.
Japan has already laid out a stimulus plan that costs close to 20% of its GDP and the kicker, it made provisions for Japanese companies to return to Japan OR move to any country other than China.
The US has long been encouraging companies to ‘insource’, that is, to bring production back to the US. Now that theme is going to take the epicenter of its strategy as the US and the world tries to grapple with the repercussions of this crisis.
What happens if China goes through an economic downturn? How will it impact crypto, specifically, mining operations that support the blockchain networks?
Mining operations may not be impacted
In fact, if China starts losing demand for its labor – they may encourage operations like Mining to step up to continue bringing in the revenue. Too much concentration of mining operations in China may be counter productive in combating nefarious activities.
I think crypto enthusiasts should start contributing, even in a small way, to the mining to support the networks they like. The blockchain protocols have to evolve into more energy efficient systems (like mobile mining or appliance spare resource mining).
Cyber attacks may increase
North Korea and China are notorious in running hacking rackets.
World has to upgrade its cyber security systems if it wants to protect itself from exploitation. What good does it do that you bring back the production only to find your citizens (and companies) lose their earnings and intellectual know how in a hack to those nations?
Blockchain being inherently more safe than other standard protocols could gain momentum in this quest for cyber safety.
World may find new production home in India
The closest alternative to China is India. In fact, India has a much younger population demographic than China. It is also a industrious nation. Under the leadership of Prime Minister Modi, India has been campaigning for ‘Make in India’, and it might finally come to fruition this time.
The Supreme Court of India has recently lifted the ban on Cryptocurrencies, as such, we might see an explosion of companies offering blockchain services, including mining operations (possibly using alternative energy options like hydro or wind).
Crypto trading volume may go down, temporarily
China forms a major share of crypto trading volume. If Chinese economy were to take a big hit because of companies pulling out of China, we might see a sharp, albeit short, decline in the trading volume. This will probably correct itself when Chinese turn to crypto trading to make money and with Indians getting onto crypto exchanges (as more services become available in India). The US Digital Dollar will help crypto space as a whole in general and with big brand names entering into the space, there should be an uptick in the crypto trading in the US.
Time will dictate what other repercussions emerge from this black swan event.
Thank you for reading and sharing this article. Stay safe and healthy!
IMPORTANT DISCLAIMER
We have used referral codes where available.
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
There are literally 100s of crypto-experts on YouTube who claim to have cracked the secret code that can make you millions in crypto riches.
Who should you follow?
We have followed many YouTubers, subscribing and unsubscribing to avoid the noise and after having been in this space for over 4 years, we have narrowed our favorite crypto YouTube channels to just a few.
In this article, we will show you our favorite YouTubers and what we like about each one of them.
Overall number 1: Coin Bureau
When it comes to deep analysis, composed demeanor and outright professional crypto channel in the entire space, we have not come across anyone better than Guy.
Not only is he great at the reviews and in depth analysis, if you have followed the channel long enough you will realize that he reviews the gems long before others pick on the momentum.
He picks solid projects, never shills a shitty project to his followers and is upfront about his views which he backs up with solid research.
This is the best no-shill and no bull crypto channel on YouTube in our view.
Best original content: Chico Crypto
If you love a bit of quirky, goofy and somewhat out there viewpoints on the crypto space then there is no one better than Tyler at Chico Crypto.
His investigation stretches the boundaries of research (and sometimes common sense) but he does do a bang up job on every video.
I am yet to come across a boring video on this channel. I will admit that his live streams can be a drag sometimes but his followers seem to relish his presence.
You may not like or agree with what Tyler presents on this channel but you will absolutely be floored by the originality.
Best TA: TIED: Crypto Capital Venture & Tyler S
With under 90K subscribers at the time of this writing, Dan may not be the most popular of the Crypto channels [yet] but his TA analysis is just so easy to follow.
Dan makes it easy for non-technical folks to understand what’s going on in the market in the language of TA.
There are other folks on YouTube who are good at TA but their videos are so obnoxious that they leave you with a massive headache.
Not Dan’s Crypto Capital Venture channel. Dan walks you through the markets in such a calm, composed and professional manner that you might start caring about those candles.
We are forced to share the Best Title for crypto TA on YouTube with Tyler S.
Tyler’s expertise on TAs is quite awesome and he has a funny way of delivering it too.
Best expertise on the markets: Alessio Rastani
It doesn’t matter if you are just lurking around the crypto markets or if you trade in the traditional markets…Alessio is one of the best guys on YouTube for great insights into the broad market and its impact on Crypto.
While everyone on YouTube (not the people on this list, of course) is either quick to FOMO or FUD, Alessio is just grounded in fundamentals and technicals.
When you are high on FOMO, he can bring you to the ground.
When you are getting buried in FUD, he can lift you up with facts, not false hopium.
Alessio is personable, professional and an honest guy to follow to understand the markets ahead of others.
Best round up of the market: AltCoin Daily
Want to stay up-to-date on what’s happening in the crypto space but don’t have time to keep up?
Fear not. AltCoin Daily got you covered.
This channel is just a gem among the channels that bring crypto market updates in a concise and palatable format.
You can sense the dedication in the way Austin brings the updates and his opinions in front of his audience. No wonder the channel has recently hit over 420K subscribers.
Best humble and honest take: Crazy 4 Cryptos
What does Crypto mean to you?
Most people will say ‘Freedom’, yet, most of the YouTubers we see on the Tube will be broadcasting from their bedrooms or backyards (nothing wrong with that) but not Dave.
He has been in Thailand and streams his videos directly from the beach.
You will immediately connect with his simpleton style and honest reviews.
He has been touting about Theta when it was trading in cents and now those who followed him are very happy.
Besides Theta, Dave talks about a lot of topics in terms of storing your coins, being careful with people and how to have a long-term plan in space.
Honorable mentions
Team Underground (TA)
We had too many channels to weed out for the TA category and that is why we had to pick two winners, however, Team Underground is a channel we cannot skip.
This underdog channel has been more right about the calls than any other mainstream channel. If you like your TAs and technical side of crypto – be sure to check this channel out.
BitBoy
People either love him or hate him. There is no middle ground when it comes to BitBoy.
Personally, we have to weed out a lot of noise while browsing through his channel since he picks a new project every few days (or weeks) and can become overwhelming.
However, the fresh content is worth the watch.
EllioTraders
The guy behind this channel is truly vested in the space. So much so that he recently launched his own crypto project.
It’s definitely refreshing to see the YouTuber taking his expertise into a live project.
The reason we did not list this channel on the BEST list is because of the constant feed of projects he pitches that is a bit overbearing for our taste.
Nevertheless, a great channel and great recommendations.
Conclusion
There are 100s of YouTube channels out there but not everyone is worth your attention. We hope you found some channels of interest through this article.
Note: if we missed any gem of a channel, please let us know and we will be more than happy to add it after review.
Thank you for reading and sharing this article. We appreciate you.
Stay safe and healthy!
IMPORTANT DISCLAIMER
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
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