The reason that China supports bitcoin is because it threatens USD as a reserve currency and they are going to use bitcoin not like what OP says but they are going to definitely use it in their financial war against US and China as we know is taking over really fast right now.
Or to put another way the reason the NSA-CIA let CHINA run BITCOIN is so that the YUAN would leak out of CHINA, making it weaker and thus prevent china from becoming an economic super power
Hong-Kong being a british colony (pre 1999 on paper, but still UK hasn't let go on the streets ), and still largely under MI6 control pushes your narrative, but don't worry HK has the CBDC where thailand&hong-kong ( later all of ASEAN will use this new crypto ) are dry running their own crypto, and china has their own crypto; But don't worry the Chinese gov is quickly 'sanitizing' HK and getting rid of all the UK-US intel propaganda, and broadcasters.
USA is going nutz, cuz the ASIAN CBDC's are going to bypass the NSA-CIA btc scam
Where is BTC in all this? Which one you mean the 21M scam-coins? or the first one released by NSA( NakamotoSAtoshi); BTC was always a field test by NSA to see how long it would take to crack SECP256k1 & SHA256, once they're defeated, then BTC will die; If I were younger I would be working on a super-btc that couldn't be controlled by NSA
The chinese cryptos don't really care, because they're designed to self-destruct, so they violate the entire principal of BTC, which is a store of value.
My beef with BTC old-farts who run the btc-core is their entire narrative is built on lies
BTC is NOT safe
Btc is not private
btc has been hacked millions of times
BTC is tracked more than US cash
BTC is NOT a replacement for gold
I mean every single thing the BTC marketing ppl have pushed down are throats 10+ years now is a LIE.
What can you say, about a real crypto with a real permanent store of value?? I don't know. I see DOGE going astro that is 100% BS, shows you this entire space is about to implode.
Ethereum is no different than BTC, controlled by a few ppl.
All the other 21M scam-coins, are ran also by scammers all over the earth, the only coin I respect is HORIZEN, I thin they have a good heart, and its mostly guy out of US-NAVY intel that put it together, same people who created 4chan, & 8chan; real smart psych ppl, but they have a good grasp on reality, and they don't do what they do for personal gain.