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Analysis: Bitcoin and Asian Stock Market Funds May Be Flowing into Chinese Equities

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On October 7, reports indicate that despite the 3-5% cost of converting stablecoins like USDT into stocks, the potential for a 50-70% rise in Chinese equities makes this strategy appealing. According to observers, while Chinese stocks have surged by 20% since late September due to government stimulus policies, Bitcoin has remained relatively stable. This rally in Chinese equities may be drawing funds away from cryptocurrencies and other Asian stock markets.

Danny Chong, co-founder of the Digital Asset Association of Singapore, noted that even with the 3-5% conversion cost, the anticipated 50-70% potential upside presents a strategic choice for savvy investors. Funds from other Asian markets could also be flowing into Chinese equities. Since September 24, the Shanghai Composite Index has climbed more than 20%, reaching its highest level since May 2023, while the Hang Seng China Enterprises Index has risen over 25%.

Disclaimer: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.

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