[Analysis: Bitcoin and Asian stock market funds may be flowing into the Chinese stock market] On October 7, although the cost of converting stablecoin USDT into stocks is about 3-5%, the 50-70% upside potential that Chinese stocks may bring makes this strategy attractive. According to observers, Bitcoin has remained basically stable while China's stock market stimulus policy has surged 20% since the end of September. The rebound in China's stock market may be attracting funds to flow out of cryptocurrencies and Asian stocks. However, the rotation of funds may only be temporary. China's frustrated stock market has recovered since then due to a series of stimulus measures introduced. However, this surge may limit the upside of risky assets such as Bitcoin. Experts believe that this is a savvy risk-reward strategy, and the potential upside of the Chinese market has attracted investors despite the conversion cost. Danny Chong, co-founder of the Digital Asset Association Singapore, said that even with a 3-5% conversion cost, there is still an expected potential upside of 50-70%, which is a strategic choice for smart investors. Funds from other Asian stock markets may also flow into Chinese stocks. The Shanghai Composite Index has risen more than 20% since Sept. 24 to its highest point since May 2023, while the Hang Seng China Enterprises Index has risen more than 25%.

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