Bitcoin said to ‘drop,’ with Covid 19 woes, says
“The Wolf of Wall Street,’ Omar Abdulla??
by Faaiza Ismail
(19 February 2020-BBC) “The Wolf of Wall Street,’ Mr. Omar Abdulla is to have addressed members of the investment community this week, stated that the price of Bitcoin and other Chinese created Crypto Currencies related, are said to drop with the fundamental data of the Covid 19 virus, the slowdown of US growth and straddle economic data from The United States.
“The Chinese pandemic has caused major losses to China, and thus impacting the growth on The United States. I would sell Bitcoin, Dollar, and perhaps hold the rand for some strength.’ he retired.
Speaking to Footprints in Wuhan, local Chinese resident, Ms. Ameila Wang says that Wuhan has been locked down since 23 Jan 2020, and the death toll has almost reached 2000.
“We are not even counting the dead bodies that have died at home, on the street, or mis-calculations from the Chinese government.’
The Economic Times reported that we should see some dollar and Bitcoin weakness as China has not been to over in over two months, already impacting the global sector.
“Third world currencies is where we see the investment rise, as first world countries have already seen fears rise, and South Africa or even Africa has reported little or no cases.’
The Omar Abdulla Group which has investments into Bitcoin SA, Forex SA, Instagram SA and Facebook SA noted that they will be short-selling major currencies, buying into South African currencies and African shares.
“We see opportunities to about April 2020, depending on the control of the virus.’
The World Health Organization is said to meet with President Donald Trump and President Xi Jinping this week to bring the economic crisis to an upbeat.
“China has already spent close to $4 billion dollars on the virus and a further estimated $3 billion dollars will be needed from The United States and The World Health Organization.’
The death toll has already reached 2000, with more than 70 000 cases reported, and we could see more short selling in the weeks to come, as China deals with Covid 19, ended a Wuhan resident.
“The Wolf of Wall Street,’ Omar Abdulla sees new insights on investments Into South Africa…??
Footprints Filmworks. China. Wuhan. Tokyo. Business. Viral. South Africa.
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