I saw a friend asking if the A-share market continues to rise in Q4, will it suck blood from the cryptocurrency industry? My answer is that if the A-share market can maintain this upward momentum in Q4, regardless of the possibility, as long as it can continue to rise after the National Day, I believe that some funds will be transferred from the cryptocurrency industry to the A-share market. This is inevitable, but how much of this part of funds can there be? Let's talk about it.

Here we need to see who are the main investors in the cryptocurrency circle and what are their main layouts? Undoubtedly, a series of topics recently published have pointed the purchasing power to American investors. This is also an unquestionable conclusion. American investors and USDC are the main buyers at present.

Then some friends will definitely ask, won’t American investors transfer their investment to A shares because of the rise of the A-share market? After all, investors are profit-seeking, so won’t they invest when there is a better profit?

Indeed, investors are all seeking greater profits, but compared with the uncertain long-term growth of A-shares and the slow-growing US stocks, where is the breakout point for A-shares? Where is the breakout point for US stocks? Compared with A-shares, which one will be more favored by investors?

In comparison, the A-share market was mainly boosted by a repurchase of RMB 800 billion, while the U.S. stock market not only benefited from the addition of AI and technology stocks, but also from an increase in risk appetite due to interest rate cuts. In addition, the biggest positive for the U.S. stock market was the U.S. election.

Therefore, Q4 will eventually become a game between the US election and the $800 billion targeted repurchase funds. Whichever one stimulates the market more will attract more capital inflows. The cryptocurrency world can be regarded as a technology sector in the US stock market, especially since#BTCand#ETHare already equivalent to US stocks, so the relationship between the cryptocurrency world and US stocks will be closer.

From the data I have obtained so far, the rise or fall of A-shares will have an impact on the cryptocurrency market, but it will not be very large. Even if the same scale of increase can be maintained in Q4, the appeal to overseas investors will be relatively limited.

The above are just my personal opinions. Friendly exchanges are welcome. It would be pointless to just criticize them mindlessly.

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