đ Bitcoin Eyes $78K After Chinaâs $140B Stimulus!
Bitcoin is back on the rise, with experts predicting a potential breakout to $78K! đ
On Sept. 24, China announced a massive $140 billion liquidity injection to boost its economy by cutting the reserve requirement ratio (RRR) by 50 basis pointsâ.
This could be huge for Bitcoin, as previous stimulus packages from the Peopleâs Bank of China led to BTC rallies of over 100%!
Crypto analysts like Jamie Coutts see this as a positive sign, explaining that Bitcoin thrives in times of central bank liquidity.
âIn a credit-based fiat fractional reserve system, debasement is a feature, not a bug,â says Coutts.
Could we see BTC hit a new ATH soon?
