China is preparing to create a BTC reserve treasury

[Rtz007]

China is preparing to create a BTC reserve treasury to seize the pricing power of BTC. Part of the BTC comes from PlusToken, the largest MLM fund.

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[btc_angela]

Care to share you source or link? If they wanted to create a BTC reserved treasury, they can easily do that though, or maybe the government is doing it for many years now.

But I have a feeling that this is just a FUD, specially when we are about to break another ATH, insert China into the bitcoin discussion again.

[stompix]

But I have a feeling that this is just a FUD,

WTF? How the hell would be such news FUD?
What is the negative in China creating a BTC reserve?
Day by day I'm getting more and more amazed at how people manage to throw adjectives and label events just by reading a sentence.

What if the US would decide the same, would it be FUD?
When some godforsaken country with a few thousand is saying it might legalize bitcoin payments everybody is going full type mode when the second-largest economy is supposedly (as I don't believe it for a second) creating a bitcoin reserve this should be bad! Why? ? ? ?

[zasad@]

An interesting development of events. In 2017, cryptocurrencies were bought mainly by private investors, in 2020, cryptocurrencies began to
be bought by institutional investors. If in 3-5 years the states will buy cryptocurrencies as storage of state reserve funds,
then we will overtake all forecasts for price increases

[BrewMaster]

you should try a lot harder than this if you want to create FUD and you should also avoid using China because at this point it is very old news and whenever people hear the name China they already know that the news is going to be complete lies. and you didn't even bother making the lie believable

[aesma]

I speculated about this in another thread. They could just accumulate BTC seized from criminal enterprises as they get to them. I'd like to see a source, though.

[Axelseseclevz]

China is preparing to create a BTC reserve treasury to seize the pricing power of BTC. Part of the BTC comes from PlusToken, the largest MLM fund.

Much better if you include the link in your post if where did you get this news and how true is it? Sometimes it's difficult to believe the unbelievable that's why you need to put supporting documents to prove about the issue.

If that was true then what happen? It can give either a positive or negative effect in crypto, I don't think so.

What if not only China but also other country planning to create a BTC reserve treasury? What will happen to bitcoin?

[avikz]

China is preparing to create a BTC reserve treasury to seize the pricing power of BTC. Part of the BTC comes from PlusToken, the largest MLM fund.

Do you have any verified source behind your claim? Because it is highly unlikely to happen given the overall mentality of Chinese government around cryptos. So a source must be cited before causing unnecessary panic!

However, if it happens, then bitcoin will be at risk! I know plustoken had ciphoned out few billion dollars worth bitcoin from the investors' pocket and later seized by the authorities. But I don't think China is planning to buy a majority of bitcoins to control its pricing. But since the Chinese government is evil by nature, it's not impossible!

[target]

It's going to be interesting if this is true.  Crypto users, I guess will look at this positively but will like to see a link for this.

It's not impossible since the world is already in transition to going digital currencies and Bitcoin is like digital gold. If they have to buy a chunk of BTC supply they would rather be doing it from the Chinese exchanges too. But once the word is out, I think the rest of the countries will also be buying.

[pieppiep]

I think it is normal for a country of China which is always developing and doesn't want to be defeated so that it always creates excellent innovations and can compete with other countries, hopefully China can have a good influence on the price of bitcoin.

[imstillthebest]

It's going to be interesting if this is true.  Crypto users, I guess will look at this positively but will like to see a link for this.

i searched the web to see if a can find a link because users here are doubting if this is a news or a fud but i havent found any article or sources upon doing my research but i found many companies that are investing millions of dollars in btc and making it as a reserve fund . articles came from forbes and other trusted news site , i guess that wasnt a fud .

I think it is normal for a country of China which is always developing and doesn't want to be defeated so that it always creates excellent innovations and can compete with other countries, hopefully China can have a good influence on the price of bitcoin.

yeah china is known to have this personality . they dont want get left behind and i think they already done this before everyone starts doing it but they dont only share it on public  .

[Walterhank]

I haven't heard about this, maybe a source link could verify this. In any case, China, in my opinion, is the only country that is involved too much in crypto and they also don't care about people's privacy. That's what I am worried about.

[yohananaomi]

I think it is normal for a country of China which is always developing and doesn't want to be defeated so that it always creates excellent innovations and can compete with other countries, hopefully China can have a good influence on the price of bitcoin.

China is indeed one of the fastest growing countries in which all jobs can be entered and done. I agree with my friend that China is always updating and continuing to innovate that may be salable in the market and they can make the replica perfectly.

so with crypto, although it seems like it doesn't really pay attention compared to other jobs, now China can penetrate and make crypto a new and very profitable livelihood.
so now many Chinese companies are looking at crypto and making crypto development more excited because China has made many breakthroughs to be able to also play a role in crypto.

[dizzy1996]

In general, I think this solution is not bad, the Chinese authorities simply buy bitcoin gradually and store it in cold wallets until a certain moment when the price goes up strongly, so that later they can speculate and dictate the direction of the market, since they will have most of the bitcoin from the total amount, very clever