<ul><li>The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) by 50 basis points (bps), injecting $113 billion of liquidity into the Chinese equity market.</li><li>This move is expected to create a stock stabilization fund and potentially reduce borrowing costs on mortgages amounting to $5.3 trillion.</li><li>Cryptocurrency analyst Jamie Coutts suggests that the global trend of rate cuts could be bullish for Bitcoin, citing historical data showing Bitcoin's price surge following PBOC stimulus.</li><li>With lower borrowing costs and the recent halving, analysts predict bullish momentum for Bitcoin, although views on its future price vary.</li></ul>

Bitcoin Price Could Surge Following Chinese Economic Stimulus: Here’s Why

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