Deutsche Bank AG, the multinational investment bank based in Frankfurt, has described China’s rapid AI advancements as its ‘Sputnik moment.’ The comparison refers to the shock caused by the Soviet Union’s first satellite launch, signaling a major shift in global technology.
The rise of DeepSeek AI, which wiped out over $1 trillion from the global stock market, highlights China’s growing influence. According to a report on Wednesday, Deutsche Bank predicts that by 2025, “China will eat the world.”
Global investors have taken notice of China’s increasing dominance, leading to a surge in investments in undervalued Chinese tech companies. Many believe they can ride the next bull market, which Deutsche Bank suggests already began in 2024.
Despite China’s strict regulations, crypto activity remains strong through alternative channels. Singapore, often seen as a financial gateway for China, has experienced significant growth in crypto investments. This suggests that mainland Chinese investors are still actively investing, possibly using over-the-counter (OTC) methods instead of traditional exchanges.
China’s shifting stance on digital assets is evident in Hong Kong’s recent approval of spot Bitcoin and Ethereum ETFs. These funds have already drawn investments from mainland China, hinting that institutional interest in crypto is growing despite restrictions.
China’s AI development is advancing at a fraction of Silicon Valley’s costs, raising the possibility of a deeper push into blockchain and altcoins. If Chinese developers start building on a large scale, it could trigger massive growth in the crypto industry.
China’s crypto industry is still constrained by the People’s Bank of China’s 2021 ban. However, Web3 gaming, metaverse projects, and NFTs have gained traction in Japan, and a similar wave could soon reach China. If policies loosen, China could become a major force in blockchain innovation.
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