Ben Armstrong recently shared his insights into the latest happenings with China, the Belt and Road Initiative, and the evolving world of crypto. The CoinSpeech team has collected the most important takeaways from his recent appearance. You can find Ben Armstrong’s new video below.
China’s Ambitious Economic Zone
Ben highlighted a “new economic zone, their new crypto economic zone” and discussed China’s expanding influence through financial strategies. This shift represents a significant move in the global economic landscape, particularly in relation to the United States.
The Belt and Road Initiative
The Belt and Road Initiative (BRI) is a major topic of discussion. Ben explained, “China comes in, they give an amount…loans that they know that the country can’t pay and when the country defaults on a loan, the infrastructure…becomes Chinese property.” This strategy allows China to amass infrastructure in various countries, thereby extending their influence.
The Debt Trap Strategy
According to Ben, loans under BRI often include significant amounts of money that recipient countries struggle to repay, effectively trapping them. For instance, “anual will receive about $60 million from China for a water repiping project.” Critics argue that this resembles a modern form of colonization.
China’s Presence in the Caribbean
Ben also pointed out that “China’s growing presence in the Caribbean is a particular challenge to America” due to the strategic importance of the geography involved. The Caribbean’s closeness to the U.S. makes it a critical point of interest.
Profitable Trends in Crypto
On the crypto front, Ben shared his thoughts on capitalizing on current trends. He noted, “there’s some Chinese meme coins coming out,” and recognized the rise of the Chinese meta narrative within the crypto space. Ben shared that he has been consolidating his investments and is focusing on new, promising projects.
The Future of Chinese Meme Coins
Moreover, he expressed interest in the meme coin sector, particularly ones related to the Chinese market: “Epic Duck…it’s a duck that’s the thesis bio Chinese meta starting the biggest Chinese meme coin chat has started going hard on this…interesting.” This budding trend could potentially offer unique investment opportunities.