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QCP Capital: A-share market rally weakens could drive investment back towards cryptocurrencies
China-related stocks fell on Tuesday after the country decided to hold off on rolling out new stimulus measures aimed at supporting the economy. Analysts at QCP Capital see the downturn as a potential opportunity to reallocate capital to the cryptocurrency market. "As China's economic recovery weakens, we expect capital to reallocate to the cryptocurrency market, reflecting the industry's growing maturity as an alternative risk asset," they said. (The Block)
2024-10-08 12:21:04
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