pull down to refresh
2 sats \ 0 replies \ @orthzar 16 Oct 2023 \ on: Evergrande bankruptcy fears spark a bank run in China bitcoin
A lot of real estate in China (and the rest of the world) is wildly over-priced. The Bank of Cangzhou may be able to pay it's loans by selling real estate at the current prices, but they won't be able to do so after the up-coming real estate crash.