What if the Chinese wage financial war through crypto?
1. The Chinese push BTC... to destabilize the dollar
If China buys BTC in bulk, it does so to put pressure on the dollar without having to directly sell currency reserves.
BTC is scarce, so it only takes them to accumulate a serious chunk to drive prices through the roof.
---
2. Americans cannot counter BTC, but they must follow it
The USA, with its ETFs (BlackRock, Fidelity, etc.), is obligated to ride the trend; otherwise, they lose financial dominance.
So a short circuit is created: China leads, but America monetizes, making the Chinese "victory" only partially effective.
---
3. Who really wins?
In the short term: both win. BTC rises, everyone profits.
In the long term: the one who manages the infrastructure wins. The USA has the ETFs, crypto banks, the SEC. China has the miners (partly) and the firepower of state banks.
