Analysis: Bitcoin and Asian stock market funds may be flowing into the Chinese stock market
News on October 7, despite the cost of converting stablecoin USDT into stocks being about 3-5%, the potential for Chinese stocks to rise by 50-70% makes this strategy attractive.
Observers say that since the end of September, while Bitcoin has remained steady, China's stock market has surged by 20% under stimulus policies. The rebound in China's stock market may be attracting funds away from cryptocurrencies and Asian stock markets.
Danny Chong, co-founder of Digital Assets Association Singapore, said that even with a conversion cost of 3-5%, there is still an expected potential increase of 50-70%. This is a strategic choice for smart investors.
Funds from other Asian stock markets may also flow into Chinese stocks. Since September 24th, the Shanghai Composite Index has risen more than 20%, reaching its highest point since May 2023, while Hang Seng China Enterprises Index has increased by over 25%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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