$USDC

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🚨 Is China Getting Ready to Enter the Bitcoin Race? 🇨🇳🔥

📌 Although China still bans cryptocurrency trading, it legally recognizes individual ownership of Bitcoin. With talk of a strategic Bitcoin reserve escalating in the US, the question is: Will China turn to buying Bitcoin to bolster its reserves? 🤨💰

🔹 In 2020, China confiscated around 195,000 Bitcoins from fraud cases, but there is no official confirmation if it still holds them.

🔹 So far, there are no indications that China is planning to buy Bitcoin as part of its reserves, focusing its efforts on the digital yuan (e-CNY) instead.

⚡ But if China decides to enter, it could be a new global race between major economic powers! 🚀

🔥 Do you think China will start buying Bitcoin to compete with America?

🔥 Yes, indirectly

❤️ Possible but not now

😭 No, China will not adopt Bitcoin