China's Bitcoin Holdings: Facts and Speculations
Recent debates center on whether China retains its massive holdings of 194,000 Bitcoin—a potential market-moving asset if liquidated. However, prominent figures like Peter Schiff (Wall Street gold advocate) and Ki Young Ju (crypto analyst) argue that China has already discreetly sold its stash.
Key Arguments Against China's Holdings
Peter Schiff's Perspective
- Claims China abandoned Bitcoin months ago, dismissing "US-China crypto rivalry" narratives.
- Criticizes Bitcoin as speculative, favoring gold as China’s preferred reserve asset.
Ki Young Ju’s Chain Data Analysis
- Evidence suggests China sold Bitcoin tied to the PlusToken scam (2019 seizure) via exchanges like HTX (formerly Huobi).
- Notes: "Chain data shows funds were distributed across exchanges using mixers—likely indicating full liquidation."
Contradictions and Market Impact
- Official Silence: China hasn’t confirmed sales or disclosed fund movements.
- Market Dynamics: If true, this contradicts public data, reshaping perceptions of Bitcoin’s largest holders.
- Price Volatility: Bitcoin’s 2024 slowdown and 2025 fluctuations ($1960M Friedcat-linked transfer in Nov 2024) highlight cyclical trends.
👉 How Bitcoin’s 4-Year Cycle Predicts Future Prices
FAQs
Q: Did China sell all its Bitcoin?
A: Analysts infer yes from chain data, but no official confirmation exists.
Q: What’s the PlusToken scam connection?
A: Seized Bitcoin (194K BTC) was allegedly funneled to Chinese exchanges pre-sale.
Q: How does this affect Bitcoin’s price?
A: Uncertainty may increase volatility, but long-term bullish trends persist.
US Policies vs. China’s Strategy
- US: National Bitcoin Reserve (seized assets only) under pro-crypto policies.
- China: Prioritizes gold, distancing from crypto hegemony debates.
👉 Why Gold Remains China’s Top Asset
Conclusion
While speculation swirls, chain analytics and expert opinions suggest China’s exit from Bitcoin. This narrative challenges traditional data, urging investors to scrutinize on-chain signals.
For real-time crypto insights, follow expert analyses and market trends.
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