In March 2025, U.S. President Trump signed an executive order announcing the establishment of a "Strategic Bitcoin Reserve," making the U.S. the first superpower to incorporate Bitcoin into its sovereign reserve system. In June, the U.S. Senate passed the (GENIUS Act), establishing a global regulatory framework for stablecoins, which mandates that stablecoin purchases of U.S. Treasury bonds be pegged to the dollar. As early as 2013, Chinese tech investor Mai Gang predicted that Bitcoin would go through three stages of competition among individuals, institutions, and nations, suggesting that the Chinese government hold 20-30% of Bitcoin as a strategic reserve and warning that the dollar would be pegged to cryptocurrencies. Mai Gang co-founded OKCoin with Xu Mingxing and emphasized that digital currency originates from technological innovation but that regulation lags behind, calling for risk awareness. In response to the U.S. stablecoin legislation, Mai Gang suggested that China should promote the issuance of offshore RMB stablecoins to encourage the internationalization of the RMB. Bitcoin has moved from grassroots to mainstream, and Mai Gang's prophecy of Bitcoin as an "anchor asset" has been partially realized, with his assertion of Bitcoin as a tool for inter-state competition being validated.
