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  • Writer's pictureChapman Chen

Outlook for 2020: Wuhan-Coronavirus-caused Fall of China, Financial Tsunami & Bitcoin Soar

In this coming year of the rat 2020, Wuhan novel coronavirus probably will lay waste to China by wiping out a major portion of its population. Red China is so against humanity that it is akin to Sodom and Gomorrah in Genesis, which were doomed to be destroyed by God. On top of this, when China fails to comply with the terms of US-China Phase I Trade Deal in April, President Donald Trump will adopt drastic measures to punish China, e.g. increasing tariffs on all China goods to 40% or above. So China is bound to disintegrate and Hong Kong will be able to govern itself. China's fall will in turn lead to a financial tsunami, as a result of which the stock and real estates markets will collapse while the prices of both gold and bitcoin will soar. In particular, bitcoin price may rise above USD100,000 (the current rate is USD8235) after the halving of block reward in May. (By Chapman Chen, HKBNews)

Wuhan Novel Coronavirus >10 Times Worse than SARS

Guan Yi, director of the State Key Laboratory of Emerging Infectious Diseases at Hong Kong University, on Jan 20 told Caixin that the Wuhan virus could be more than 10 times worse than SARS. As this virus is probably a biological weapon manufactured by the P4 Lab of Wuhan Institute of Virology, it is especially deadly (note 1). So far, according to the Chinese authorities, it has killed 25 people with 830 infected, though the actual numbers may be much higher.

Wuhan Virus akin to "Black Death"

Wuhan's novel coronavirus is probably akin to the bubonic plague — or "Black Death" — which killed as many as one-third of Europe's people in medieval times. At the end of the day, Wuhan's novel coronavirus will devastate China by wiping out a major portion of its population.

Red Dragon Bound to be Smitten by God

Red China is brimming over with sins so much so that it is highly likely to be the Red Dragon in Revelations, which is bound to be smitten by God. According to Open Doors' 2020 World Watch List, China in 2019 persecuted 5576 churches and 1.6 million Christians. Meanwhile, around 3 million Uyghurs have been put in concentration camps in China. The CCP has indeed caused the death of more than 70 million people (Chang and Halliday 2005).

Repeat of Boxer Protocol

Even if the Wuhan virus did not pop up, China would not and/or could not comply with the terms of the Phase I Trade Deal, like purchasing USD200 billion's US goods. 2020 is the 120 anniversary of the Eight-Nation Alliance set up in response to the Boxer Rebellion crisis in Imperial China in 1900. The conflict ended with the signing of the Boxer Protocol, which China is always calling an unequal treaty owing to its harsh terms. Since the Phase I Trade Deal is also very harsh to China, history is likely to repeat itself in 2020.

Collapse of China Markets

When China totally falls apart, RMB and China stocks and properties will drop to zero. Hong Kong real estates and stock markets will also be gravely affected. As China accounts for a good deal of world economy, a global financial tsunami may result, leading to bitcoin and gold prices skyrocketing as a kind of hedge against EPU. On top of this, there is the halvening event for bitcoin this year.

Halving to Drive Bitcoin Price up?

The Bitcoin ‘Halving’ refers to the event where the reward for each block mined on the BTC network is cut in half — this time, to 6.25 BTC. The next event occurs in May 2020, and has been met with gigantic price increases in 2016 and 2012 respectively.

Some have suggested that speculation has already effectively ‘priced in’ any future increases from the halving. Others, however, suggest that the drop in BTC supply will drive prices up as demand remains unchanged or increases.

Note 1:

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