News Explorer — Economists Anticipate Bitcoin Price Boom as China Considers a $1.4 Trillion Stimulus Package and Potential Lifting of Its Crypto Ban

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Sep 13, 11:15 am

Forbes

Economists Anticipate Bitcoin Price Boom as China Considers a $1.4 Trillion Stimulus Package and Potential Lifting of Its Crypto Ban

The bitcoin price has nearly doubled in the past year, with economists predicting a potential price boom due to China's $1.4 trillion stimulus package. China's GDP growth and stagnant consumer inflation have fueled fears of deflation, prompting calls for significant fiscal stimulus. Experts believe that China may soon lift its ban on cryptocurrencies, leading to renewed interest and potential market growth.

The bitcoin price has nearly doubled in the past year, with economists predicting a potential price boom due to China's $1.4 trillion stimulus package. China's GDP growth and stagnant consumer inflation have fueled fears of deflation, prompting calls for significant fiscal stimulus. Experts believe that China may soon lift its ban on cryptocurrencies, leading to renewed interest and potential market growth.

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