Coin

<ul class="news-points"> 
 <li>China’s sinking economy is reportedly leading investors to buy crypto.&nbsp;</li> 
 <li>China’s economy has made investment on the mainland “risky,” according to a senior executive.&nbsp;</li> 
 <li>Decrease in crypto activities in Eastern Asia is due to China’s crypto ban.&nbsp;</li> 
</ul> 
The downturn in the Chinese economy and the plummeting of the Chinese stock markets are leading investors to <a href="https://www.reuters.com/technology/bruised-by-stock-market-chinese-rush-into-banned-bitcoin-2024-01-25/" target="_blank" rel="nofollow">move their money into cryptocurrencies</a>, according to Reuters.&nbsp; 
A recent report highlighted Finance Senior Executive Dylan Run, who started to add more cryptocurrencies to his investment portfolio in early 2023 upon realizing that the Chinese economy was “going downhill.”&nbsp; 
Run reportedly used bank cards issued by small rural commercial banks to buy crypto through gray-market dealers, as crypto trading and mining have been banned in China since 2021.&nbsp; 
Moreover, Run’s crypto investments were up 45%, and he owned approximately 1 million yuan worth of crypto. The report claimed that Run’s crypto investments accounted for half of his investment portfolio, whereas 40% were in Chinese equities.&nbsp; 
A senior executive of a Hong Kong-based crypto exchange who declined to be identified shared with…
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China’s Sinking Economy Leads Investors to Buy Crypto: Report

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