the Chinese stock market is going parabolic
- China's Shanghai Composite index is up 8% today and 24% in the last 5 days. it just had its best day in 16 years!
- the Beijing 50 index (equivalent to the Dow Jones in the US) is up 23% today alone. it just had its best day EVER!
- Chinese brokerages are crashing due to insane demand right now
this is driven by China's recent aggressive rate cuts and stimulus packages
including its plan to hand out monthly COVID-style checks to some of its citizens
GCR said a year and a half ago that the next bull run will be fueled by Asia in general and China in particular
China is getting into max degeneracy mode
and they will be max bidding your coins soon
just as we're about to enter what is historically the most bullish quarter for US markets and crypto
this is NOT the time to be bearish
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