🚀 **Crypto News Flash: Bitcoin and China's Economic Moves**
- Bitcoin's price has shown a strong correlation with the People's Bank of China's (PBOC) balance sheet over the past eight years.
- PBOC is considering a massive stimulus of up to 1 trillion yuan ($142 billion) to boost its economy, leading to a surge in Asian stock markets.
- This stimulus could indirectly benefit Bitcoin and other cryptocurrencies by increasing investments in blockchain and crypto ventures.
- BTC has gained nearly 3% this week and over 10% for the month. The CSI 300 Index also saw a 4.5% rise on Friday.
What do you think about the potential impact of China's stimulus on Bitcoin? Share your thoughts in the comments! 💬