{"id":146256,"date":"2025-01-08T11:00:41","date_gmt":"2025-01-08T09:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146256"},"modified":"2025-01-08T13:53:30","modified_gmt":"2025-01-08T11:53:30","slug":"chinas-capital-outflows-could-boost-bitcoin-demand","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/chinas-capital-outflows-could-boost-bitcoin-demand\/","title":{"rendered":"China\u2019s Capital Outflows Could Boost Bitcoin Demand"},"content":{"rendered":"
This turbulence<\/a> <\/strong>is sparking conversations about whether Bitcoin<\/a> <\/strong>could become a favored destination for capital leaving the country.<\/p>\n The yuan has been losing ground, reaching its lowest point against the dollar since late 2023, despite attempts by the People\u2019s Bank of China (PBOC) to prop it up. Efforts such as tightening offshore liquidity and adjusting daily reference rates have done little to stem the currency\u2019s decline.<\/p>\n Meanwhile, Chinese stock markets are underperforming. Blue-chip stocks tracked by the CSI 300 index have hit their lowest levels in months, and the ChiNEXT Index, which monitors smaller, growth-oriented companies, has already dropped significantly this year. Adding to the uncertainty, yields on 10-year government bonds have fallen to just 1.6%, stoking fears of deflation and discouraging investment.<\/p>\n