Bitcoin Forum

There was a hint in an interview given by Donald Trump in which he expressed some hints that his country, the United States, will be the first country in the world to hold the highest number of Bitcoin reserves.

He said China is going to do something big in crypto, directly alluding to China's investment in Bitcoin.  While China has been imposing restrictions on Bitcoin as usual, such positive comments from Donald Trump are taking some kind of direction regarding Chinese investment.

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https://x.com/BitcoinMagazine/status/1985284706615582753?t=cEWanFYMX-ITG0TJtKs92A&s=19

I don’t trust his words anymore. If he’s really serious about being number one, then the US should be accumulating Bitcoin. But what they did was different, they want to treat Bitcoin as a strategic reserve, yet they didn’t actually buy any. They’re just using the confiscated coins as part of their reserve.

That move alone shows they’re not willing to take real risks, so how can they claim to be number one?

I welcome the rivalry between these two countries over their respective claims regarding Bitcoin reserves, as it will encourage them to continue increasing their holdings. We know from various sources that the Bitcoin they hold in America wasn't purchased, but rather confiscated.

I don't think China has changed its stance on Bitcoin. As far as I know, they have, but I'm not yet aware of whether they have changed their stance against Bitcoin. If they still hold the same principles regarding Bitcoin, how can I justify Trump's rivalry with China over Bitcoin reserves?

Until know those plan purchase of US didn't happen. Its like they are just hyping people and want the price to grow without spending anything.

Their plans to accumulate for their strategic reserve still floating and there's no clear indication that it will happen soon. So that statement he made is just another promise so better don't believe on what he say and you will be the subject for their manipulation attempts especially if you believe and follow those things they said.

It seems that Trump is playing mind games and they want to earn at the expense of other people or institution.

The rivalry between America and China is now observed not only in relation to bitcoin — they are competing for global dominance in many areas. In my opinion, this is a very worrying signal, because such confrontations can draw other countries into conflict and potentially lead to a major war. Many analysts are predicting this kind of confrontation and are very concerned about such a development of events. I believe that it would be better if both countries worked toward compromise and friendly agreements — that way, life would be calmer and better for the entire world.

We have often seen the US and China making contradictory statements about Bitcoin. When the US was going to declare Bitcoin as a reserve asset, we heard China banning Bitcoin, but then they rushed towards Bitcoin. Honestly, I do not believe Donald Trump's statement, most of the things he says are not true. Yes, the fall in the price of fiat currencies and global political instability are forcing every country to think about alternative economies, in which case many countries consider Bitcoin as their strategic asset, in which case it is natural that China, one of the world's most commercially prosperous countries, will consider Bitcoin as a strategic asset. It is very common for them to emerge as one of the world's most Bitcoin-rich countries. Honestly, no one can say exactly how many Bitcoins a country has. Maybe China also has a huge amount of Bitcoin and it is more than the US but they are not revealing it for strategic reasons. It is just my opinion that it could be the opposite. However, the popularity of Bitcoin from individuals to governments around the world will further encourage small investors like us. China's involvement in Bitcoin is a good sign for Bitcoin.

You are right in the real sense where we only see America giving utmost importance to Bitcoin reserves but till now we have not seen America buying a single Bitcoin. The amount of Bitcoin held in the US reserves is Bitcoin seized from all Bitcoin scam projects. There is no such thing as an American's own Bitcoin, meaning Donald Trump places the highest importance on Bitcoin, but he has not yet purchased a single Bitcoin.

Will be is a story for the future. Many things can change in life and Trump's willingness might be done or might never be done. In addition, this story belongs to very far future than what Trump can do in 2025 and next three years before he will have to leave the White House at the presidency expiration. Trump perhaps has good vision for his nation but that's it, to make it done, it needs more than only Trump but also many next Presidents of the USA.

Other nations will not stay and watch the USA accumulating bitcoins, they will take action too and it will be a tough Bitcoin race among many nations but surely the USA has big advantage for now.
https://bitcointreasuries.net/governments

Words to get the stage for more prestige.

He may say something like that and then do nothing, nobody would lift a finger anyway ;D

If he meant it, they can! but would they be willing to do that?, I doubt not. I must have missed some news but has there been any news where they declared buying more Bitcoin to add to their holding which was ceased from scammers? He wants his ountry to be the number 1 holder of Bitcoin and after his time is over as the president, the next president probably might not be friendly with Bitcoin and they will have to sell all the Bitcoin and use the money to put into a different kind of asset for reserve. I have to think that this might not be true because the before approach to his plans have only be politics.

They have all the funds and possibilities for it.

And entities like that don't take risks - they do things if they are sure of them.

Worrying in what context, if I may ask? Bitcoin?
China has gone from not being considered a major power, but their consistency has made them now considered a serious competitor to America. All of this competition boils down to economic strength.

When China differs on currencies other than their fiat currency or on reserve assets, as Trump has said regarding Bitcoin, I wonder when China agreed to this, which would create competition. It feels like a single hand clapping without making a sound.

He means they will be confiscating more bitcoins lol. While other countries, even though not as rich and powerful as the US, are buying more bitcoin. They are trying their best to incorporate bitcoin into their countries and allow for crypto to grow within.

It has been predicted that China and the US will be like brother and sister, their debates and bickering regarding tariffs, the economy are just sensations and fabrications, the world public will see the US and China as enemies, even though this is all their strategy to protect the value of their currency, to attract the sympathy of domestic and international investors.

Now it is proven that they are still competing to make Bitcoin their main investment asset, this shows that China and the US are really not fighting tariffs, that is all their strategy towards the world.

Maybe. But it would still be not as good as just being into BTC and regulating it properly.. Words are honey, actions are not as easy to do for real than that..

I am honestly tired of having to read or listen to every word that Donald Trump says regarding bitcoin and I really hope we all can get over that man and stop making headlines off every of his bitcoin comments.

Because having to make a new thread here on this forum with Trump statements on bitcoin all the time is beginning to look spammy to me, the level of attention being given to Donald Trump and the United states is beginning to look like they are the main drivers of bitcoin and without them, bitcoin; as well as everyone of us who hold bitcoin are all doomed, of course this is absolutely not true, so we just allow them do their thing while we as well do our thing, because in the end, US or without US, china or without China, Trump or without Trump, Bitcoin will continue to stay and will continue to be a successful project.

Neither country has ever bought Bitcoin, so I don't know how the competition for Bitcoin is. All I see is Trump talking the way he usually does. China, on the other hand, has made very unfavourable laws towards Bitcoin. These two countries are not very interested in having a Bitcoin reserve. Whatever Bitcoin both countries hold currently are from seizures, so we can't use that to say they're competing for who would hold the most Bitcoin.

They compete in other things, but not bitcoin. The only difference between the countries is that one allows bitcoin and doesn't restrict the trading and exchange of bitcoin, while the other doesn't allow the trading of bitcoin. I even have a feeling that another country will have a strategic Bitcoin reserve before the US.

While the other discussions are telling that China is no longer interested with that because they have banned it.

Maybe it could be real if it's from him after they've talked about it or has got some intel towards that information.

The battle for economic flourish is just silent as it may seem but the race for the Bitcoin accumulation for these superpowers to own the most in their bitcoin reserve is happening quietly.

This must be a news to me as I have been aware of China's intensive buying of gold for the process of de-dollarization. But, stand on cryptocurrencies or particularly on bitcoin, China has not made any statement yet. The last one I can recall was, banning all crypto related activities before the times of pandemic. When China was banning crypto in pre-pandemic times, that hit memes pages by teasing frequent changes of China's stand on cryptocurrencies but after for next 5 to 7 years, I never heard any change of China's stand on crypto currencies. But this time, I am seeing those memes are becoming true and China is going to have bitcoin reserves, must be a fascinating to me.

As expected USA to be holding the highest amount of bitcoins and I am sure that many other countries would be racing with USA to lead the ranking of largest bitcoin reserve. With gold reserve, USA dominated for decades but I am not expecting the same with bitcoin reserve as well.

We have heard such reckless comments from Donald Trump a long time ago and this will be no exception. China is not relaxing its investment in Bitcoin in any way and China has made many such announcements. However, it will be understood in the discussions on some dialogue between the United States and China in November and if the purpose of that is Bitcoin, then Donald Trump is right. However, if China relaxes its Bitcoin acceptance policy again and starts buying Bitcoin for their strategic reserves, Bitcoin will likely surpass $150k.

Donald Trump seems to keep talking up Bitcoin and crypto, but I think the market is going to need more than talk to continue rising.  We want to see action from the United States in the form of Strategic Reserve buying.  Sure, they've managed to confiscate a great deal of Bitcoin, but that doesn't exactly make Bitcoiners happy.  At this point in the cycle, I don't think anything short of a multi-billion dollar buy from the United States will be enough to save us from a downturn.

Am not really surprised about this statement coming from Donald Trump concerning the Chinese as it regards to their stands on bitcoin.i will not be surprised if China changes their stands on Bitcoin and start investing on Bitcoin massively.. there is no much different between Bitcoin and Gold which China is much interested now.with the successes recorded by Bitcoin it's clear that Bitcoin is not just something that people are trying to hype it's a very good source of saving the wealth of any country that is really serious about making progress.




America for now is the one that are leading in crypto currency in the world, this is because America under Trump has seen Bitcoin beyond just a crypto currency. They have embraced change because Bitcoin itself has brought a change in the worlds financial system and America was one of the first countries to legalize Bitcoin and see it as a security asset.

When Trump said that, it was simply to provoke speculation. He's a businessman, after all, he didn't say it simply to please the public, but rather to create a psychological effect in the market, which would ultimately benefit him.

Everything he said was just empty words. I simply wouldn't believe anything he said because there's no guarantee it would actually happen.

I still believe that actions speak louder than words. They can accumulate as much Bitcoin as they want, but not through buying  because they haven’t done that yet. What’s more concerning is that they might tighten regulations even further and focus on more confiscations to increase their holdings. That’s something we should definitely keep an eye on.

It's funny, but that's the truth. Trump always comes on stage with all the promises and rainbows and then a day later Bessent gives an interview and shuts it all down. Just like when Trump said he signed an executive order to make a bitcoin reserve and 6 months later they asked Bessent how the reserve is doing and he said "we will stop selling bitcoin" - like wtf does that mean? Were you selling for the last 6 months?

Trump says the US will become a crypto superpower. Does that crypto going to be Trump coin? I don't see any bitcoin being added to the reserves.

Again, we cannot dismiss all of Trump's words as Valueless talk, especially when it comes to the issue of Bitcoin between China and America. However, we have often heard many false updates from Donald Trump to keep the market active, but at this moment he is not in a position to spread such falsehoods about China and America. Mr. President might have said something like this after learning some updates from China.

With the conditions that are happening now, we should understand not to overestimate the conversations or statements given by political elites, including for the two big countries that exist now.
I think we understand quite well what Trump said when he was nominated and what he did afterwards, including for China who clearly only wanted to take advantage of the momentum for personal gain where they created Fud for bitcoin to make it cheaper, bought it and returned to make the situation crash when it was profitable and sold their bitcoin.

So for now we have certainly learned a lot about this so don't believe too much in what the government says because in the end this condition will remain the same where they will only act as if they can control bitcoin with the statements they have.

China is one country I so much love, they have been on the low keys for quite some time now, doing their thing while avoiding dramas. They have been developing and also building their capacity, and I will not be surprised if they are secretly accumulating bitcoin. I would not doubt the fact about what Trump has said, but the fact that it is coming from him makes it look or sound like unserious, as he has so much messed-up things in the crypto space, and it is obviously clear now that he is manipulating the crypto market, so currently I do not take his current statements concerning crypto seriously.

I don't think Trump's words mean much. He often creates information noise for selfish purposes. Basically, all his statements are used for manipulation. His opinions often change to the exact opposite several times. Is he doing this intentionally? Beyond any doubt. So we must be very skeptical about his statements.

By the way, there was news recently that he and his family have already earned more money in cryptocurrency than he himself has earned in his entire life. And this is less than a year into his presidential term. This is the answer to why he persistently advertises bitcoin and cryptocurrencies. When and if he sells bitcoin, there will be no more ardent opponent of bitcoin than he.

Yes, the United States will become the world's largest bitcoin holder by finding ways to continue confiscating bitcoin from more people. I wouldn't even be surprised if they amend or enact more draconian laws to confiscate more bitcoins to increase their bitcoin reserves.
How can we trust a president/country that only uses free bitcoin from confiscation and dares not spend money to buy it?


He is not the president of China, he doesn't even know how to deal with China in the dedollarization war. What he says about China or crypto is unreliable and his purpose is just to try to please crypto investors to help his family make more money from this market.

After all he and his family have done to the crypto industry, it's surprising if you or anyone else still believes a word he says.
https://finance.yahoo.com/news/trump-family-reportedly-1-billion-213107964.html?guccounter=1

Trump can say that but I am not sure if China will not do the same. In fact, China may have already bought many Bitcoins for a long time but they don't publish it. China may not impose restrictions on Bitcoin especially if they see a benefit in Bitcoin to them. They will buy Bitcoin but will hide it from the public so they can have Bitcoin without many people knowing. That could be a secret strategy from China that doesn't want to get more popularity. We will see what China's reaction is after this so we can know what the impact on that is.

There is a big difference between bitcoin and gold. Bitcoin's market capitalization is nearly 15 times smaller than gold, and it looks like a newborn baby compared to gold's age. Gold is sought after worldwide and central banks are actively buying it as the best safe haven asset. Meanwhile, no central bank believes in bitcoin and intends to add it to national reserves, including the Fed (USA).
I agree with you that it wouldn't be surprising if China changes its stance on bitcoin, but whether they will invest massively in it is still a big question. Since even the Fed isn't interested in bitcoin yet, China is in no hurry.


Bitcoin is recognized as a commodity by the SEC and CFTC and regulated by the CFTC, and is recognized under Biden. Only bitcoin ETFs are securities but ETFs are not real bitcoins.

You need the US will only become the largest bitcoin holder when it takes action. They need to pass bitcoin bills and use budget, taxes...to continue accumulating bitcoin. They won't become a bitcoin superpower with empty words. Trump has been saying this over and over again since he became president, but you see, he’s just been talking without actually doing anything.

As for China, they are really a bitcoin unfriendly country and they are not going to change that stance anytime soon. We don't need to speculate or come up with meaningless conspiracy theories about them.

I agree with your opinion here, your observations about China are very much correct and accurate. China is a country that does not like that public attention, they do things in the low and are seriously taking the world by surprise. I would not be surprised China would emerge tomorrow as the number one world power in the making.

I don't think China would respond to this comment by Trump as they are not that type, they would rather ignore this comment and mind their business while they do their accumulation in peace. China is seriously building without public attention and I believe in less than no time, it would be visibly clear to the world.

^ They would only show up about it when they know for a fact they are better and bigger at it.

Many experts also predict that China has the potential to surpass the United States and become the world's leading power in the next 2-3 decades. They will achieve it because they have technological superiority, a strong economy, the support of close allies and the support of most countries as the world is showing signs of fatigue with US dominance.

They are really quiet, not as flashy and ostentatious as the US but that doesn't mean everything about them is secretive. They openly buy gold, openly compete with the US in technology, especially AI, a strategic technology of the future.Or publicly call on countries to support the idea of ​​de-dollarization and oppose the US dictatorship. So there is no reason for them to hide their intentions with crypto if they are really interested in it.


Did you watch the meeting between Trump and Xi Jinping? Trump smiled and talked happily as if he had just met a lover, while Xi Jinping showed almost no emotion and was very cold. China will never pay attention or care about Trump's bullshit.

^ Both have something to work toward and both have grudges.

I wouldn't go into that territory of who is going to dominate who, the question for us is how it will affect BTC in the long run.

How come not to be number one by holding bitcoin after many bitcoin assets having for awhile all it from confiscated bitcoins, many criminal cases in United State or the scammer arrested there all their cryptocurrency fund confiscated by US government. Did you remember the latest cases of confiscated bitcoin did by US government when arresting Cambodian conglomerate Chen Zi and he has 127.271 BTC, its huge amount and make US become the number have many bitcoin holding in their wallet.

I thin easily for power full country how to confiscated bitcoin assets from criminal cases without refund yet to the victim, difference with El Savador holding bitcoin from investing during have lower price until right now keep hold it. If bitcoins were only obtained from assets confiscated from criminal cases, it would seem very easy to become number one holding bitcoin.

He wants to be the first in everything, but the path to it differs dramatically, and usually words are much more easier to honey up than actions.. ;D

Yes, this is a really interesting development. While Trump is hinting that the US is working towards the world’s largest Bitcoin reserve, it also signals a potential shift towards national Bitcoin ownership. And it signals a redefinition of the global financial landscape. On the other hand, China’s talk of doing something big in crypto adds another layer of significance. For example, it signals a silent competition between the two largest economies for dominance of the digital asset. If it turns out that both countries start strategically hoarding Bitcoin, it could start a new phase of geopolitical competition. Conclusion, centered on digital reserves rather than gold or oil.

Yes I have watched shows and read articles of people making strong prediction as it relates to China's potentials and capabilities in time to come but I think the three decades you mentioned is way too far for them to take over. China is far ahead of time and I believe my it everything we've seen or heard about them, there are still things the world is yet to know about China and believe me the US too just know surface about China. From what you have said about the facial expressions of the Chinese President, it speaks more volume than we could imagine. China is just a ticking time bomb waiting to explode her potentials and all they already got.


 

If Trump believes China is holding bitcoin, there might be some truth on it. We all know China is selling dollars and buying Gold and Siver, the Gold and Silver frenzy was the result of China's accelerated rate of buying it. Just like Gold and Silver bitcoin is another currency that could act as a safe reserve of value.
https://cointelegraph.com/magazine/china-bitcoin-sony-bank-crypto-company-asia-express/?utm_source=chatgpt.com
This article from cointelegraph from may states that the China's state backed think tank is proposing Bitcoin as reserve currency and we know in China, everything happens quick and if they really believed buying and holding bitcoin is good for the country, they might have already started buying.
In that case I don't see US winning over them. US might have some confiscated coins and they might have a plan to put it as strategic reserve but by the time it passes through bureaucracy, bitcoin would have already doubled and US forced to buy in in double the price.

In early March, David Bailey (CEO of Bitcoin Magazine) wrote (https://x.com/DavidFBailey/status/1896347493878861867) that, according to his information, China is working hard to create its own strategic bitcoin reserve (SBR). Whatever Donald Trump may say, China may well have such plans. I don't know about the official formation of a Bitcoin reserve, but if it is possible, then some Bitcoins may already belong to individuals or organizations related to the Chinese government. As for China's restrictions on Bitcoin, this is a jab from Trump; he is doing this to attract attention; it is his style. 

Don't mind Trump. He will actually say this, to later do the otherwise.

It is beginning to dawn on us that Trump has nothing much to offer to Bitcoin. All his moves and words have indirectly affected Bitcoin. To start with, the increased tariffs against China saw $19 billion reduction in the market. All in the name of attacking China. Doesn't Trump know that the move alone will affect the Bitcoin price

I sense something fishy in this statement. We all know that of the recent times, China has been hostile to bitcoin which is the reason they banned its minning in their country.
In the other hand, we know that US under Trump has been involved in bitcoin and bitcoin related activities. Now, what is the catch? I sense that USA has secretly gotten a solid ground in bitcoin and Trump is just looking for a way to drag China into it and flop them. It is a trick and I am confident that China will not fall for this. US is not in the right place to give a financial advice to China

Is he directly implying that "ooh we are going to seize more Bitcoin from people that are found guilty and we are not going to give it back to the victims". I thought one of the government responsibilities is to protect her citizens, why not return some of those seize Bitcoin but the same government has said it loud and clear that they are not going to be using tax payers money to buy Bitcoin, meaning they are not buying but if they get anyone, they will sieze, the message is loud and clear.


I like Chinese people, make less noise and mind their business. I can recall remembered the day China government ban Bitcoin, the fear was intense because that time, Chinese were one of the few whales we have in Bitcoin, they respect everyone but now, you hardly see one or two native people of China talk about Bitcoin, not even on X because of their government but I'm not sure if many sold their Bitcoin, there are good numbers that are holding but you nerver can tell

That is just pure speculation for me that China utterly ban Bitcoin for good. We all know that they are authoritative and secretive so I wouldn't be surprised that they could have been stashing Bitcoin for the longest time. Probably Trump wanted to drag China here or wanted to see what their reaction is. So far, we haven't heard any right? Maybe they will not fall for it as they have already stockpiled a lot of Bitcoins before Trump made it a hype that they are going to have a SBR and then some countries started to follow as well. On the other hand, China is already ahead of them so they are not going to show any face on Trump and call his bluff.

There is a reality we need to accept at present, bitcoin still cannot be compared with gold in terms of stability and safety. It remains a speculative asset with a market capitalization of just over $2 trillion, susceptible to manipulation by financial forces and often sold off on negative news. Meanwhile, what governments need is a stable and safe asset to secure the economy, especially in emergencies caused by crises and recessions. That is why they will choose to hoard gold, black gold or essential assets.

In this case, what benefits will bitcoin bring to China? What benefit do countries like China get from accumulating large amounts of speculative assets that are being manipulated by the US markets and politicians? can you explain?
Don't just speculate without evidence, we need convincing data.

It's 2025 year and no longer 2009 year and in my opinion, Bitcoin now is less likely a speculative asset like in many past years. Bitcoin with time since 2009 has gradually become stronger and more matured so that now it is a new store of value and at national and governmental scales, they can have both gold and bitcoins in national treasuries.

If you ask a question like which benefits a country can get by reserving bitcoin, let's search about benefits from gold reserves for nations. Rich nations will have big gold reserves for their national treasuries. In the future, it will be true with bitcoins for rich nation's treasuries.

Very soon Bitcoin will take over the rank of Silver in this rank table.
https://companiesmarketcap.com/assets-by-market-cap/

The something big china preparing is probably yuan stablecoin. I don't believe china gonna buy bitcoin though, they've been against it for a long time why should their stance change.

But if somehow they defy my expectation and do that, it's another big news for bitcoin that could help reaching another all time high.

You are right, bitcoin is much more mature than 2009 but unfortunately bitcoin still gets dumped every time there is negative news, economic instability. Much of the growth in bitcoin's price is due to expectations, not intrinsic value. Or bitcoin's high volatility is the clearest sign yet that bitcoin has yet to exit the speculative asset category.

Just because an asset is considered a store of value doesn’t mean it’s a safe haven. Hedge assets, store of value and safe haven, they are different concepts, don't get confused.

Undoubtedly, Trump's statement will encourage Bitcoin and cryptocurrency. It is possible that the Bitcoin reserves in America are at the highest level during Trump's current time because at this time, various large corporate companies have started holding Bitcoin in large quantities, which indicates that his words are working. Also, I think the reason why this is possible is because the Trump family and the Trump administration are crypto-friendly, but if they try to control it, it may be counterproductive. However, it is a very good thing if there is competition between the two countries.

Bitcoin is still "the safest" coin out there on the market if we compare it only to others on its own market.
 ;)

I don't think his statements will have a significant impact or boost Bitcoin and cryptocurrencies. Because this is not the first time he has made these statements and that is why no one cares about what he says anymore and the market has no reaction.
Don't be naive to think that just because he supports the idea of ​​a bitcoin reserve, it will become a reality. Forget the idea of ​​a bitcoin reserve in the US even if it is supported by Trump because he has no authority to do it.

The United States will also not be able to become a crypto powerhouse when the entire Trump family is just trying to take advantage of Trump's power and manipulate the market for profit.
If the US really wants to be a crypto powerhouse, they should give the industry more attention. By investing in, enacting, and implementing more industry-friendly policies, not just off-the-cuff presidential pronouncements.

Yeah I saw that, I mean i'm sure China has a lot of coin and maybe they have even secretly a lot more than what they made publicly availible, which I believe that they are basically like neck and neck with the US. If Bitcoin was to completely replace FIAT for example that would pretty much level the playing field in terms of money and a nation's wealth. I am certainly curious to see how all of this unfolds, its pretty exciting to watch and be a part of this and alive to witness everything going on right now, crazy world we live in!

I like the fact that you were open here saying the truth. The US always wants to claim the head but to invest in the Bitcoin they can not but rather claiming confiscated Bitcoin to be their national reserve is their only quick resolve to the top. China is always silent doing their things and does not want anybody to keep track of their activities.

The other way round, do you not think Trump was doing that just to manipulate the Bitcoin market? He was indirectly trying to force out words from the Chinese President's mouth but was greeted with silence. Now this was what he was possibly trying to do, he knew that the China US tarrif war caused a decline in the market and possibly his group must have purchased at low so he is trying to see how he could reignite the price to pump back through the same measures again since it was all about the Chinese so he possibly was trying to get words from the Chinese President's mouth to trigger back the price of Bitcoin again but it didn't work out that way.

Yeah it was disappointing when the news of this came out originally right after he was elected. However I don't think it was his choice. If he could I think they could accumulate Bitcoin and grow the balance however there was just too many hurdles I think.

So its good that at least they have the reserve and not selling the coins from it at least. He could of just avoided bitcoin and crypto all together after he was elected but he kept his word, somewhat. Too many regulations I think and I think its why most countries won't have a real strategic bitcoin reserve.

You are sure that China holds a lot of crypto, do you have proof?


If bitcoin completely replaced fiat, do you know what would happen? The world will become extremely unequal, as countries and those who hold the majority of bitcoins will become extremely rich. Meanwhile, countries that hold little or no bitcoin will be poor and even bankrupt. If bitcoin completely replaced fiat, things would get worse, not make the world more balanced as you think.

In addition, the global economy will be limited, constrained, unable to develop and expand. Then the world would be no different from the old gold standard and would have many disadvantages.

 Those are two strong economy's in competition with each other so what do you expect him to say, I bet the Chinese president would also put his country first by making similar claims concerning being the best, bur I doubt Trump claims about China and doing great in crypto and investing in Bitcoin cause of the bans they keep imposing on it.
 Well I don't know the close door meeting he had with them that would warrant him to say such, but change is constant though and maybe the Chinese government is open to it too. Well let's see how it goes, but if Trump is serious about the reserve they should buy more and add to the seized Bitcoins they're holding as reserve.

Well, we might see this as a positive competition, especially regarding Bitcoin or cryptocurrencies, but on the other hand, that competition could lead to the opposite reality someday. I also feel that what Trump is doing isn't exactly crypto-friendly, as we know that he and his inner circle seem to only want to profit from crypto through the shitcoins they have created, IMO. If Trump were truly crypto-friendly, then he should create something beneficial in crypto, not just for himself. Furthermore, I feel it is more appropriate to call it crypto-profit-seeking, rather than crypto-friendly. Cmiiw.

There is equality in everything in these two countries, but because of crypto in both, it brings a difference in their thinking and economy. Because Trump has a lot of Bitcoin, he is improving it in his country for this reason and besides that, China is only improving itself with gold and other minerals. I had said before that if China accepts this, I think the relationship between the two can improve a lot and besides that, China will have an opportunity to improve itself. These rulers provide convenience to their people and create prosperity in their country. If China insists on it, it will definitely accept it because right now it is not putting itself in it due to pressure from America or being under their control.

I still believe that Trump's words cannot be completely dismissed, because he may have warned through his statement mentioned here that if China increases its involvement in Bitcoin and other digital assets, this country's leadership in the global crypto market could automatically be threatened. Of course they are still leading the field because they have confiscated a large amount of Bitcoin but we want them to buy through strategic reserves and see such actions from them. By the way, @macson how much in-depth analysis can you say that the comment in question was made to create a psychological effect on the market.

It is true that they can collect as much Bitcoin as they want, but they have focused on confiscations to increase their holdings, which you may have noticed a few days ago. The point is that they want to be the world leader in crypto, in fact they are in the right place now Because they don't want China to progress too much through this digital gold, the US is now at the top in digital gold ownership, and they want to continue that way which has become their main purpose.

Yes, after they have successfully tested the CBDC and officially rolled it out domestically. China's next goal is to issue a stablecoin RMB pegged to the renminbi and marketed primarily for use outside of China. Their goal is to compete directly with USD-pegged stablecoins to curb the growing dominance of the USD globally.

While I don't like China banning bitcoin, the truth is they have no reason to buy it at this point. After all, bitcoin is called digital gold but it is not gold and has not reached that level yet. So don't expect them to care and need it.

By the way, people should be awake and aware that the US also only uses confiscated bitcoins to hold, they never buy it. This also means the US doesn't really believe in bitcoin as much as they say. We are too naive and too gullible to believe what they say.

It seems that China and Russia are paying more attention to traditional gold than Bitcoin. And how many people are buying gold, while buying Bitcoin is demotivating. Donald Trump has said so many things since the beginning of the election. To me, it seems like nothing more than madness now, one day he says there are tariffs and the next day he says no. It's like he's playing a game with the market. After Donald Trump was elected, I thought the economy would stabilize, but now it seems that not only the crypto market but also the stock market is going up and down.

^ Politicians never say what they are going to do - only what they intend to do. We shouldn't be too confident in what they say, whoever it may be.

Not only Russia and China, the whole world is paying more attention to gold than ever.

Most countries only accumulate gold and silver, tangible assets with a long history. No country is really paying attention to bitcoin as we would expect.


He has been talking about the US becoming a crypto powerhouse and hub since the election until now. But the funny thing is he keeps repeating the same things every time he is asked while his government does nothing to show they are serious about this issue.

Undeniably, I have to admit that I also think if Trump is elected, the market will be more vibrant and positive. But in the end, what he brought was chaos and a series of economic and market instability.

Is this an issue for them, though?

They want the prestige from it and not go the CBDCs route like many others on the march, that's all to it for me.

Trump will do everything he needs for his own gain or for the gain of the prestige when he sees it as the most advantageous moment, before that, there may be dips, spikes, tariff wars and any other shenanigans that we saw already, and many more.

Too much drama happened under Donald Trump's leadership and they hinted at the largest bitcoin reserves in any way but what was done was nothing more than a confiscation process. We are starting to lose trust in leaders who talk too much and even the threat of interest rates made to China has not been resolved properly and on the contrary, China itself is still standing very strong as a country that dares to oppose Donald Trump's policies.

China does not follow anyone's policies and they are much smarter in determining their attitude regarding their country's journey. The efforts made by China are also much more coordinated so that we can see how the country's economy has developed in recent years and they are much better prepared to compete in many aspects, starting from global trade, infrastructure and national food security.

I wonder what China can do compare to Trump donations to citizens: https://btcusa.com/trumps-2000-tariff-dividend-could-come-via-tax-cuts-says-treasury-secretary
I guess if China officially unban crypto it'll be HUGE though

^ Their shadow activity is big enough already, but, yeah, it may become even bigger that way, which would be nice for the space overall.

The whole situation with Trump's leadership and the Bitcoin reserves was super shady. It felt like they were just trying to flex their muscles and take control of something they did not fully understand, and the way they went about it was like a actually not the right way, without any real plan or consideration for the implications.

China approach to global politics and economics is really interesting, and they have managed to carve out their own path, unapologetically pursuing their own interests. It is actually admirable how they are not swayed by external pressures or opinions, instead focusing on their own growth and development.

What I feel right now is that we shouldn't completely trust what the government says including regarding Bitcoin because ultimately what they say now could be different in the future. So, we shouldn't be too complacent with their initiatives.

This could indeed be a positive momentum, especially if we can capitalize on it. But of course we shouldn't be too complacent; we must remain prepared for all possible outcomes.
The current government is simply trying to appear welcoming and exploit this situation at any time. I don't think this is the first time especially when talking about a major country.
China has implemented its own standards for Bitcoin including legalization, several times and the US may also be open to this possibility especially when it comes to linking this to its touted reserves. We're certainly aware that even if Trump sells their reserves they won't suffer any losses because their reserves are looted from crime.