The People's Bank of China (#PBOC ) has just injected 1 trillion yuan, equivalent to about 139 billion USD, into the financial system.

The scale of this cash injection is equivalent to a 0.5% reduction in the reserve requirement ratio, indicating that China is proactively supporting economic growth.

Crypto enthusiasts are curious about what percentage of this money is funneled into cryptocurrency? I think it will be negligible; the Chinese still prioritize real estate as their top asset #anhbacong