From Investing.com: 2024-05-17 15:30:23

In a rare move, China’s real estate market may benefit Bitcoin, influencing global market liquidity. Liquidity-strained Chinese developers can access operating funds, potentially devaluing fiat currency. This shift could boost Bitcoin and gold as hedges against inflation. Market expert Dan Tapiero sees Bitcoin reaching $200,000 long-term, with positive impacts on other assets. Bitcoin’s resilience may drive real price discovery post-Chinese QE impact, per Tapiero’s insights.

Read more at Investing.com: Dan Tapiero Names Top Catalyst to Drive Bitcoin (BTC) Growth By U.Today