Is China Prepared to Start Massively Purchasing Bitcoin?

Recently, remarks by Binance founder Zhao Changpeng have attracted widespread attention from the global financial community. He revealed that China's cryptocurrency trading volume accounts for more than 30% of the global total and hinted that if the United States can prevent China from holding gold reserves, then China might also turn to Bitcoin reserves. With 109 countries already joining the Central Bank Digital Currency Alliance, China is clearly one of the important members. If China really starts to purchase Bitcoin, what profound impact will this have on the global finance?

Zhao Changpeng further pointed out that China might quietly acquire Bitcoin behind the scenes and make this move public at the appropriate time. He believes that this approach could help China achieve a more independent position in the global financial system. However, some experts also indicate that if China intends to bypass the dollar hegemony and accumulate reserves through Bitcoin, it would be very difficult. After all, the central banks of the United States and other countries have very strict monitoring of capital flows.

In addition, Zhao Changpeng proposed a thought-provoking viewpoint: as more and more countries join, the global financial order dominated by G7 countries may gradually collapse, to be replaced by a “Bitcoin G7” led by Bitcoin. This idea is similar to the Libra concept proposed by Zuckerberg in 2018, which failed to materialize due to strong opposition from Trump at the time, but Zhao Changpeng's mention of this idea has sparked new discussions.

So, could this “Bitcoin G7” concept really become a reality?

Bonus: BRC-20𐊣 (Bitcoin Pyramid) Binance's official Twitter has revealed this, and it is currently at the top of the inscription section's increase list, now with a low market value, an early ambush point.