China's secret Bitcoin strategy: a turn in cryptocurrency policy and the race for global digital assets
<p> <strong> China's secret Bitcoin strategy: a turn in cryptocurrency policy and the race for global digital assets </strong> </p>
China's Bitcoin strategy: potential and uncertainties
China's potential Bitcoin reserves could redesign global politics for digital assets. The competition between the USA and China could also advance strategic Bitcoin battery worldwide. There is currently uncertainty about the extent of the Bitcoin stocks that are attributed to China.
According to reports, China has private discussions about the creation of a strategic bitcoin reserve, which leads to intensive speculations on the cryptocurrency market. These discussions seem to have increased in intensity since the US election and raise questions about the changed attitude of China on digital assets. This development follows for years of regulatory restrictions that have severely restricted Bitcoin trade and mining in the country.
Will China undo the Bitcoin ban?
On March 3, 2025, the cryptocurrency analyst crypto rover reported that China intends to abolish his ban on Bitcoin and other cryptocurrencies in 2025. The plan apparently also provides for the creation of a strategic reserve by Bitcoin and Ethereum.
If these claims apply, this would mean considerable political change, especially with regard to China's previous resistance to the cryptocurrency markets. These potential news immediately had an impact on the global crypto sector and led to significant price increases in the most important digital assets.
David Bailey, a prominent personality in the cryptocurrency industry, supports these claims and explains that China has intensified his efforts to create Bitcoin reserves in response to geopolitical events. He states that civil servants have held private meetings to work out the details of such a plan. However, an official confirmation is still pending.
response to the US crypto reserve
China's plan to establish a Bitcoin reserve comes at a time when the interest in Bitcoin reserves worldwide is increasing. US President Donald Trump announced the intention of his government to create a strategic cryptocurrency reserve that includes Bitcoin, Ethereum, XRP, Cardano and Solana. The crypto community surprised this announcement and indicated a change in US politics with regard to digital assets.
Trump has also expressed a positive statement about Bitcoin and Ethereum and emphasized their potential as financial investments. The time of rumors about discussions in China suggests that geopolitical factors could play a role in the decisions of both countries. Should China actually progress with the creation of a national Bitcoin reserve, this could further tighten the competition between the two global economic powers in terms of digital assets.
uncertainty about China's current Bitcoin stocks
China's story with Bitcoin is complex. Although the country banned cryptocurrency transactions and mining in 2021, the government has reportedly accumulated large amounts of Bitcoin from illegal activities.
An example of this is the Plustoke snowball system, in which the authorities confiscated almost 194,775 BTC. However, there is no concrete evidence of whether China keeps these assets or whether they have already been sold. While some experts believe that China still has significant Bitcoin reserves, others believe that the country sold its stocks some time ago.
The confidentiality around China's cryptocurrency policy increases the uncertainties. Without official information, the actual amount of Bitcoin, which China may have, remains uncertain