Deutsche Bank AG, a multinational investment bank based in Frankfurt, has described the explosive growth of the DeepSeek AI tech, which wiped out over $1 trillion in the global stock market, as China’s ‘Sputnik moment’. According to a report on Wednesday, the bank said 2025 is the year that China eats the world.
Furthermore, global investors have since realized that China is out-competing the rest of the world. As a result, more investors have proliferated into undervalued Chinese tech companies in anticipation of catching the bull rally, which Deutsche Bank believes started in 2024.
What’s in for the Crypto Market
The exponential growth of the crypto industry in Singapore, which is widely considered a proxy for China, is an indication that mainland China investors are still investing in crypto assets, potentially through over-the-counter means instead of regular methods.
With Chinese capitalism heavily outweighing the political-socialism agendas, the venture into the crypto market by China in the coming years will significantly grow. Moreover, Hong Kong has already approved spot Bitcoin and Ethereum ETFs, which have attracted capital from investors based in mainland China.
With China developing AI tech solutions at a fractional capital compared to Silicon Valley’s oriented firms, a deep venture into the altcoin industry by Chinese developers will be phenomenal in the near future.
Currently, the Chinese cryptocurrency market is still choked by the 2021 ban by the People’s Bank of China. Nonetheless, web3 gaming projects focused on metaverse and NFTs have emerged from Japan in the past years and are likely to proliferate in China in the coming months.
