The Covert Climb of Bitcoin:
A Chinese Move That Could
Take It Past $100,000
According to a report from Bloomberg, the
Chinese government is reportedly
considering studying the possibility of
infusing funds into its stock market. There
has been a downward trend in Chinese
equity prices fora number of weeks no
According to a high-ranking government
official, the bearish trend has prompted
authorities in the nation to take "forceful"
.actions in response to the situation
In this regard, Bloomberg asserts that
China might contribute around $300 billion
to establish a "stabilization fund" in order
restore investor trust. It is also possible
for the Chinese government to spend
around $30 billion on the purchase of
.onshore shares
