Chinese Investors Turn to Bitcoin Amid Stock Market Downturn

Chinese Investors Turn to Cryptocurrencies as Stock Market Slumps

Chinese investors are increasingly looking to cryptocurrencies as a safe haven investment amid the country’s economic downturn and sinking stock market. Dylan Run, a finance sector executive based in Shanghai, began investing in cryptocurrencies in 2023 as he saw the decline in the Chinese economy and stock markets. Despite the ban on crypto trading and mining in China, investors are finding creative ways to own bitcoin and other digital assets through grey-market dealers and overseas bank accounts. These investors believe that cryptocurrencies are a safer option compared to the crumbling stock and property markets in China.