{"id":17277,"date":"2024-09-25T17:47:00","date_gmt":"2024-09-25T14:47:00","guid":{"rendered":"https:\/\/forklog.com\/en\/qcp-capital-sees-potential-cryptocurrency-surge-amid-chinese-stimulus\/"},"modified":"2024-09-25T17:47:00","modified_gmt":"2024-09-25T14:47:00","slug":"qcp-capital-sees-potential-cryptocurrency-surge-amid-chinese-stimulus","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/qcp-capital-sees-potential-cryptocurrency-surge-amid-chinese-stimulus\/","title":{"rendered":"QCP Capital Sees Potential Cryptocurrency Surge Amid Chinese Stimulus"},"content":{"rendered":"<p>China is poised to introduce additional stimulus measures, which could bolster the growth of risk assets, including cryptocurrencies, according to QCP Capital.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"QCPbroadcast\/1326\" data-width=\"100%\"><\/script><\/p>\n<p>On September 24, the People&#8217;s Bank of China (PBOC) announced monetary policy easing, including rate cuts on several instruments and a reduction in reserve requirements.<\/p>\n<p>This latest move has freed up approximately 1 trillion yuan (~$142 billion) for lending institutions. The Chinese authorities will allocate half of this amount to support stocks.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The PBOC has signaled readiness for further easing. [&#8230;] All major monetary regulators, except the Bank of Japan, are prepared to add liquidity,&#8221;<\/em> the commentary stated.<\/p>\n<\/blockquote>\n<p>Experts anticipate that the upcoming surge in digital asset prices will catch many investors off guard.<\/p>\n<p>BRN analyst Valentin Fournier commented to <a href=\"https:\/\/www.theblock.co\/post\/318075\/more-china-stimulus-may-fuel-bullish-sentiment-in-crypto-and-risk-assets-qcp-capital\">The Block<\/a> that the influx of liquidity will have a positive effect on coins with low market capitalization.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Bitcoin is stabilizing below $64,000. There are numerous short positions in the market that could trigger a <\/em><em>short squeeze<\/em><em>, contributing to upward momentum,&#8221;<\/em> the specialist noted.<\/p>\n<\/blockquote>\n<p>Previously, several experts highlighted the high likelihood of a bitcoin rally in the coming months, driven by institutional adoption and macroeconomic conditions.<\/p>\n<p>Earlier, renowned analyst Peter Brandt predicted a fivefold increase in the leading cryptocurrency relative to gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is poised to introduce additional stimulus measures, which could bolster the growth of risk assets, including cryptocurrencies, according to QCP Capital. On September 24, the People&#8217;s Bank of China (PBOC) announced monetary policy easing, including rate cuts on several instruments and a reduction in reserve requirements. This latest move has freed up approximately 1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1146,1224,1326],"class_list":["post-17277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-cryptocurrency-market-forecasts","tag-macroeconomics","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17277"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17276"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}