Crypto
Bitcoin (BTC), Asian Equities May Be Losing Capital to China Stocks
The recent surge in Chinese stocks can be attributed to the stimulus package and increased investor activity during the national holiday week. This trend is seen as a calculated risk-reward trade by savvy investors looking to capitalize on the potential gains.
Danny Chong, co-founder of a multi-staking protocol and Digital Assets Association Singapore, believes that despite a 3-5% cost to convert stablecoin USDT into equities, the potential upside of 50-70% makes this a strategic move. Chong shared his insights with CoinDesk via email.