How China’s Latest Stimulus Affects Bitcoin 🚀

- China has announced its largest stimulus package since 2008.

- The stimulus has boosted markets including Chinese stocks and risk assets.

- Many crypto analysts believe that Chinese stimulus and Fed rate cuts could push Bitcoin (BTC) to $100,000 in the coming months.

- However, BCA Research warns that this rally may not last long.

- China’s credit impulse is failing to create a big rally like the one in 2015.

- The credit impulse is the ratio of new credit flow to GDP and is tracked as a leading indicator of economic growth.

Do you think Bitcoin will hit $100,000? Let’s discuss in the comments! 💬