Oddbean new post about login | logout Bitcoin targets $70K as stablecoin inflows and China stimulus boost rally https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1717586584715-YAKIHONNES3.jpg
China has recently announced a $278 billion stimulus plan, which is expected to inject considerable liquidity into the global market. This influx of capital has already led to over $40 billion in inflows to Chinese crypto brokers in the first half of the year, with a significant portion of this volume contributing to the cryptocurrency market. Analysts suggest that this stimulus could ignite a parabolic rally in cryptocurrency prices, including Bitcoin
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