Teacher Tony, who is full of great love, is already prepared to take a large position to short, and is even ready to settle in Hong Kong at any time. The reason is simple and sufficient: he believes that this time the East China policy is different and expects significant actions to resist the dollar colonialism behind U.
Whether or not U is dollar colonialism, it is indeed a means to rebuild dollar hegemony. In the past week, U has dropped to 6.9, but the actual dollar to RMB exchange rate has hardly depreciated, still around 7.07. Therefore, there is no doubt that a large amount of domestic capital is fleeing the cryptocurrency market, first selling cakes, then selling U.
However, I expect that this panic exit will not last too long, and soon the price of U will recover, unless a new destructive policy is introduced before the year ends, with the worst being a nationwide inspection of U businesses, or even revisiting past accounts.
Is there a possibility of this? I think there is, after all, the country is really short of money now, so I completely understand Teacher Tony's concerns😕
