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Evergrande Real Estate is one of the largest real estate developers in China, and its stock price has fallen by 90%. Country Garden, the second largest real estate giant, was also considered to be in crisis, but Country Garden survived its default by paying overdue coupons on its US dollar bonds. The United States has also rescued many banks this year and avoided a banking crisis, but in the long run, this will cause inflation and cause currency depreciation. We are also seeing countries like Argentina and Turkey, which are currently suffering from severe inflation, and many citizens are turning to Bitcoin.
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#Inflation##Argentina##Türkiye#