🔥 Is Bitcoin becoming a reserve asset? China may be creating a new global financial order!
Recently, a statement by Binance founder Zhao Changpeng has sparked global discussions. He mentioned that China's share in global cryptocurrency trading has exceeded 30% and may consider incorporating Bitcoin into national reserve assets to enhance autonomy in the global financial system. With 109 countries joining the central bank digital currency (CBDC) camp, China's influence in this area is becoming increasingly evident.
💡 Why might China favor Bitcoin?
Zhao Changpeng hinted that if the United States further restricts China's gold reserves, Bitcoin could become a new alternative. As a decentralized asset, Bitcoin is not directly controlled by the traditional financial system, providing a new direction for countries looking to reduce dependence on the US dollar.
⚡ The shockwave of the “Bitcoin G7” concept
Zhao Changpeng proposed a bold idea - the “Bitcoin G7”, which is a new financial system led by Bitcoin that could challenge the currency order dominated by the traditional G7 industrialized countries. This concept is similar to the Libra proposed by Zuckerberg in 2018. Although Libra was eventually shelved due to political pressure, Bitcoin's decentralized nature makes it more resilient and better able to withstand risks.
🌍 The future of the global financial order
If more countries follow China's lead and incorporate Bitcoin into reserve assets, the global economy may undergo profound transformation:
✅ The global dominance of the US dollar may be challenged.
✅ The digital currency ecosystem will accelerate its development, and decentralized finance (DeFi) is expected to become mainstream.
Although the “Bitcoin G7” remains a bold idea, with the proliferation of central bank digital currencies (CBDC) and the rise of crypto assets, the transformation of the global financial system seems to be an inevitable trend.
At the same time, it is worth noting that a new Meme coin has emerged in the market - CONAN (xBQt), which skyrocketed a hundredfold in market value after its launch on January 24, becoming a dark horse in the Meme coin track. Currently, its market value is stable at around 7 million, representing a potential investment opportunity.