“The current surge in Chinese stocks, driven by the stimulus package and investor activity during the national holiday week, represents a calculated risk-reward trade for savvy investors. Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% makes this a strategic move,” Danny Chong, co-founder of multi-staking protocol and co-founder of Digital Assets Association Singapore, told CoinDesk in an email.
Related posts
-
Bitcoin (BTC) Miner Marathon (MARA)’s Anduro Unveils Tokenization Platform, Starts With Whiskey
Bitcoin miners compete to solve mathematical problems in order to add new blocks to the network... -
Japan’s Metaplanet Buys Another $6.7M Worth of Bitcoin
The company adopted bitcoin as a reserve asset in May as a hedge against volatility of... -
Here’s Why The Bitcoin Price Could Hit $100,000 Before The End Of The Year
Este artículo también está disponible en español. Crypto analyst Ash Crypto has outlined several reasons why...