#ChinaCrypto #BTC

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China sells US treasuries to buy Bitcoin, claims BlackRock? Fact Check

Amid the ongoing tariff tensions between U.S. and China and rising fears of inflation, the price of Bitcoin has seen a substantial surge as it moves towards the $100,000 mark, sparking wild speculations among crypto fans that increasingly see BTC as an emerging alternative to USD.

Several X handles, including “cryptopolitan,” made the claim that BlackRock’s Jay Jacobs has an inside scoop on how China is considering buying Bitcoin and gold as a preference over US treasury holdings.