Bitcoin (BTC) Stuck in Neutral as $10B Flees Asian Tech—But This $0.035 Crypto Gem Is the Smart Money’s Escape Hatch
While traditional markets wobble, crypto's underdogs are stealing the show.
Foreign investors just yanked $10 billion from Asian tech stocks—the kind of panic move that usually sends traders scrambling for stablecoins. But savvy players aren't waiting around for Bitcoin to make up its mind.
Enter the $0.035 dark horse: A micro-cap altcoin quietly absorbing capital from those who remember 2017's 'cheap crypto' gold rush. No VC hype, no corporate backing—just the kind of asymmetric bet that turns hedge fund managers into bagholders when retail catches on.
Funny how the 'smart money' always rediscovers crypto fundamentals... right after they've been fleeced by their own overpriced IPO plays.
Tech stocks get hammered
Tech stocks across the region took a hit. The MSCI index that tracks Asian tech companies outside Japan fell 4.23% last week. This comes after the same index had jumped 62.5% in the six months through October. A global tech index dropped 4.38% in the same period.
Some experts think the selloff might be overdone. Mark Haefele, chief investment officer at UBS Global Wealth Management, says the underlying business fundamentals are still strong.
“Renewed worries over elevated tech valuations have triggered volatility, but solid fundamentals suggest current levels are justified,” Haefele said. “We forecast an earnings growth of 15% for global tech this year, followed by a solid 12.5% increase in 2026.”
According to a Cryptopolitan report Asian tech stocks may have better value than US AI rivals.
LSEG data puts the price-to-earnings ratio for the MSCI Asia Pacific index (excluding Japan) at 15.81 as of late October. That’s the highest it’s been since June 2021.
India sees money walk out the door
India wasn’t spared either. Foreign investors pulled $1.42 billion last week after putting $1.66 billion into the country in October.
HSBC’s Friday report points out that India has become the most underweighted market in global emerging market portfolios. Just one out of four funds HSBC tracks holds more Indian stocks than their benchmark suggests they should.
But HSBC sees a silver lining. “We see India as a good AI hedge and provides diversification for those who feel uncomfortable with the AI rally. India will be an outsized beneficiary of any additional money coming into the EM region,” the report said.
The smaller Southeast Asian markets went in different directions. Vietnam saw $95 million leave while Thailand lost $40 million. But Indonesia and the Philippines managed to pull in $207 million and $77 million, respectively.
The change in money flows shows foreign investors are getting nervous about tech stock valuations and questioning whether the rally that’s powered gains all year can continue.
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