🇨🇳 China x BTC 🪙
🐉🇨🇳 China and Bitcoin: It bans the public, but keeps over 190,000 BTC secret
China has one of the toughest stances against Bitcoin:
🚫 It banned trading
🚫 It shut down exchanges
🚫 It cracked down on private mining
But here's the plot twist:
👉 The Chinese government owns over 194,000 BTC (~$12 billion).
How? They confiscated them in mega-legal operations like the PlusToken case.
And what is China doing with that BTC?
🔹 It doesn't sell it publicly
🔹 It doesn't report it as an official reserve
🔹 It keeps it in state-owned wallets controlled by the Communist Party 🧊
While promoting its CBDC (e-CNY) as the official digital currency, it quietly maintains one of the largest crypto vaults on the planet.
👀 Financial hypocrisy or silent strategy?
China doesn't believe in BTC... but it keeps it as if it does. And when those BTC move, the market trembles.
📢 Should China sell them, use them... or admit them?