I didn't understand why you're so focused on China in

Question

Binance English

Shreya

I didn't understand why you're so focused on China in

your whitepaper than the rest of the world. Can you enlighten me on this ? @BDaViking

#binance #crypto-exchange #cryptocurrency #english

0

18.05.2023

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B (WILL NEVER DM YOU FIRST) · Accepted Answer

"I didn't understand why you're so focused on China in your whitepaper than the rest of the world. Can you enlighten me on this?" I love this question! Floki's decision to focus on China is data-driven! While most countries are expected to enter a recession this year, or at least record very minimal growth, China is projected to grow strongly. In fact, data from J.P. Morgan, which is the largest bank in the United States and the world’s largest bank by market capitalization, projects China’s 2023 GDP growth to be 4.0%; that’s 2.5 times more growth than projected global growth, 4 times more growth than projected US growth, and 20x more growth than projected in the Euro Area. This strong economic growth is expected to spill over to crypto, especially with China now apparently using Hong Kong as a test bed to gradually ease up to crypto. So we're strategically positioning Floki to benefit from the growth that will come from China, especially when they fully ease up to crypto.

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