UBS predicts China stimulus will trigger mass investor exodus from crypto

Swiss investment bank UBS predicts that Beijing’s fiscal stimulus package, estimated to be between RMB 1.5 trillion and RMB 2 trillion, will cause many investors to pull out of cryptocurrencies and move their capital into traditional assets. Wang Tao, UBS Chief China Economist, explained in a report that Beijing could be working with a broader […] source: https://www.cryptopolitan.com/china-stimulus-trigger-exodus-from-crypto/