Newcomers flock to the Chinese stock market, will the same happen to the crypto market?
Inexperienced investors, especially the younger generation in China, have been opening stock accounts in recent days because they are afraid of missing out on investment opportunities (FOMO).
These new investors are attracted by the profits from the continuous price increases of the stock market, after the Chinese government announced a series of new policies to improve economic growth.
Stopping on the highway to trade, or calling brokers at 2:00 AM to open a stock account are exactly what is happening in this country. Therefore, the number of new investors is constantly increasing.
Will the same thing happen to the crypto market? It is completely possible if Bitcoin continues to grow rapidly in the last months of this year to break the peak. Many people will be attracted by the huge profits and become new investors in the crypto market.
