Bitcoin, Asian Equities May Be Losing Capital to China Stocks
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.
Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks.
The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets....