Chinese gov planned to release >1 trillion USD liquidity to both stock and consumer market in order to solve the deflation problem that China is facing.
Just this month, more than 100 billion USD got released by the central bank of China. This action brought up their stock index by 4% in a single trading day.
This is the biggest qe package since 2000. And we all know what happens next, because the US did the same thing (not even as big) after COVID, and BTC hit all time high 68K shortly after that.
Edit: I put additional zero there. Should be 1 trillion.
https://finance.yahoo.com/news/china-allow-funds-brokers-tap-013603073.html
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments