I am very worried that if the A-share market continues to rise like this, it will create a black swan in the cryptocurrency market! More and more funds are withdrawing from the cryptocurrency market and pouring into the stock market. Today, Bitcoin has fallen below 64,000.
Everyone recognizes that Asia is the main source of funds for the cryptocurrency market, and China is naturally the country with the most cryptocurrency investors in Asia. Otherwise, there would not be a bunch of world-class exchanges such as Binance, OK, Huobi, and Gate. Now Chinese cryptocurrency investors can't sit still. Seeing the post-00s rushing into the stock market and making 520,000 yuan a day, they are going to follow suit.
Indeed, there is nothing good about the cryptocurrency market. Only a bunch of garbage meme coins are left to mess around every day. The departure of Chinese cryptocurrency investors has taken away a backbone of the cryptocurrency market. I am really worried that Bitcoin will be guillotined. $BTC