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China may create Bitcoin reserve after us move

China to follow us Bitcoin reserve strategy: Changpeng Zhao from Binance suggests that China will likely follow the U.S. In creating a Bitcoin reserve. The U.S. Strategy involves using Bitcoin as a ‘national reserve asset,’ potentially driving China’s interest due to Bitcoin’s status as a “HARD” asset.

Covert Bitcoin accumulations by nations rise: Many countries, like El Salvador and Bhutan, have openly announced their Bitcoin reserves. Speculation continues about other nations, including those accumulating Bitcoin quietly. The UK reportedly holds around 61,000 BTC, largely seized from criminal activities.

Global impact on Bitcoin prices and market: The potential creation of national Bitcoin reserves by China and other nations could drastically impact the cryptocurrency market. This development might lead to increased Bitcoin value, signaling a new era of digital currency adoption on a global scale.

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