Bitcoin and crypto prices rebounded this week, with Bitcoin once again surging towards $100,000 as markets brace for an Elon Musk earthquake.
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Despite wild speculation that China could beat Donald Trump and the US to create Bitcoin reserves, Bitcoin prices have slumped along with global stock markets since the start of 2025.
Now, as traders focus on President-elect Trump’s key dates, leaks reveal that the People’s Bank of China is scrambling to contain the frenzied rally in bonds as it prepares to fire its stimulus bazooka. It became clear.
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Chinese President Xi Jinping has called on the market to launch a large-scale economic stimulus package in 2025. … (+)
Xinhua News Agency (via Getty Images)
The People’s Bank of China has warned fund managers not to chase bond gains as hopes grow that China will soon cut interest rates and launch a series of stimulus measures to revive the economy, two anonymous people told Reuters. This was reported based on a source with information.
China’s 10-year and 30-year government bonds are inversely proportional to their prices, after the Financial Times reported that the People’s Bank of China is likely to lower interest rates from the current 1.5% level “at an appropriate time” in 2020. Treasury yields hit record lows this week. 2025.
Meanwhile, Yuan Da, deputy secretary-general of the National Development and Reform Commission (NDRC), said at a press conference that, in line with China’s wishes, China will raise funds through super-long-term government bonds in 2025 to promote business investment and consumer stimulus measures. He said he would significantly increase the number of President Xi Jinping said in his New Year’s address that China will stimulate growth this year.
“In order to strengthen and expand the implementation of the two new initiatives, the scale of the super-long-term special government bond fund will be significantly expanded this year,” Yuan said in comments reported by Reuters.
China’s efforts to boost its stalled economy are being watched by Bitcoin and crypto markets as a potential bullish boost heading into 2025.
“China is on the brink of collapse and China’s 10-year bond reflects how broken the Chinese economy is,” an anonymous economist posted on I predicted that I would be forced to do so.
“This country needs to ease up or it’s game over. Even if liquidity doesn’t help, liquidity will continue to flow out of the country based on new incredibly false optimism. will boost other markets like Bitcoin.”
Arthur Hayes, co-founder of Bitcoin and crypto derivatives pioneer BitMEX, who went on to found Maelstrom Investment Fund, said last year that the combination of China’s “bazooka” and the Federal Reserve’s monetary easing was predicted that 2016 would create a “brilliant” bull market for Bitcoin and cryptocurrencies. 2025.
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Bitcoin prices have soared over the past year, and some analysts predict that China could contribute to Bitcoin remittances. … (+)
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Meanwhile, a research report by Hurun Research Institute and Ping An Securities says China’s recent economic stimulus measures are attracting a new group of young people in the country to the market, and these traders have a high risk appetite and are interested in technology and other It has been found that interest in technology is increasing. Just like Bitcoin and cryptocurrencies.
According to a report in the South China Morning Post, “younger generations are the mainstay of the market.” “These young investors are very passionate about innovation and emerging industries, and are willing to take higher risks in search of higher returns.”
