Analysis: Bitcoin and Asian stock market funds may be flowing into the Chinese stock market

News on October 7, despite the cost of converting stablecoin USDT into stocks being about 3-5%, the potential for Chinese stocks to rise by 50-70% makes this strategy attractive.

Observers say that since the end of September, while Bitcoin has remained steady, China's stock market has surged by 20% under stimulus policies. The rebound in China's stock market may be attracting funds away from cryptocurrencies and Asian stock markets.

Danny Chong, co-founder of Digital Assets Association Singapore, said that even with a conversion cost of 3-5%, there is still an expected potential increase of 50-70%. This is a strategic choice for smart investors.

Funds from other Asian stock markets may also flow into Chinese stocks. Since September 24th, the Shanghai Composite Index has risen more than 20%, reaching its highest point since May 2023, while Hang Seng China Enterprises Index has increased by over 25%.