QCP Capital: Weaker A-share market gains could drive investment back to cryptocurrencies

Odaily News Stocks tied to the Chinese market fell on Tuesday after China decided to hold off on rolling out new stimulus measures aimed at supporting the economy. Analysts at QCP Capital see the economic downturn as a potential opportunity for capital to be reallocated to the cryptocurrency market. They said: "As China's economic recovery weakens, we expect capital to be reallocated to the cryptocurrency market, reflecting the industry's growing maturity as an alternative risk asset." (The Block)