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Capital Flight Triggered by China's Economic Stimulus: Will Bitcoin Be Abandoned?
Capital Flight Triggered by China's Economic Stimulus: Will Bitcoin Be Abandoned?China's recent economic stimulus package, designed to revitalize its sluggish economy, has unexpectedly triggered a capital shift from the cryptocurrency market, particularly Bitcoin, to the Chinese stock market. The Shanghai Composite Index and the Hang Seng China Enterprises Index have surged on the back of the stimulus, while Bitcoin prices have seen a notable decline
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Bitcoin has fallen below $27000, encryption agencies are accelerating their flight, while US regulators are busy engaged in 'infighting'?
Reported by Zhao Yi, Hu Jinhua, a reporter from China Times (www.chinatimes
