“The current surge in Chinese stocks, driven by the stimulus package and investor activity during the national holiday week, represents a calculated risk-reward trade for savvy investors. Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% makes this a strategic move,” Danny Chong, co-founder of multi-staking protocol and co-founder of Digital Assets Association Singapore, told CoinDesk in an email.
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Omkar Godbole
https://www.coindesk.com/markets/2024/10/07/bitcoin-asian-equities-may-be-losing-capital-to-china-stocks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-10-07 06:18:22
