China’s potential Bitcoin reserve: Changpeng Zhao anticipates that China will follow suit with its own Bitcoin reserve, an approach already taken by nations like El Salvador and the UK, reflecting a shift towards Bitcoin as a stable asset amid geopolitical changes.
Influence of U.S. Plans on market: As the U.S. Plans an accumulation of 1 million BTC for its national reserve, these actions could drive other nations, including China, to act swiftly regarding Bitcoin, impacting trading volumes and market volatility significantly.